Thursday, April 27, 2006

Et Tu Mark? - Hueston Crushes Lay

A sleazy opportunist who would sell his own family out for a dime. Before today that could only refer to the prime villain in the Enron saga, Andy Fastow, but today Hueston revealed that label could apply to Mark Lay as well. Yes, Ken Lays own son.

Lay was understandably shocked to learn that his own son sold short Enron stock, as John Hueston revealed during the cross. Not only that, Mark pressed the head of public affairs Mark Palmer to disclose his father margin call sales to drive the stock down further.

Besides that damaging revelation, Lay's supposedly affable personality has not come out yet. His credibility, the only thing that will get him out of this, is in tatters. John Hueston is showing Sean Berkowitz how the cross should be done. While Sean's traps sounded contrived, Huestons are vicious and on point.

Most important, we have a question for Mark. Why sell short, the puts would have been a much better play.

To catch up on your trial news and get real time updates, The Houston Chronicle is the best source: http://chron.com/news/specials/enron/

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