Quotable Quotes - Kenneth Lay quotes

Kenneth Lay quotes

“Am I a fool? I don't think I'm a fool. But I think I sure was fooled.” — Kenneth Lay

“Any slots at the senior level, including CEO or other slots, will be filled internally.” — Kenneth Lay

“At the same token, prudence would have said, you don't depend on having high hydro season power every year, because that doesn't happen either.” — Kenneth Lay

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“Because Andy and his team were lying to me and the board and the senior executives.” — Kenneth Lay

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“But certainly I didn't know he was doing anything that was criminal.” — Kenneth Lay

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“But I can't take responsibility for criminal conduct of somebody inside the company.” — Kenneth Lay

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“But I fought as hard as I could with my almost - last breath, prior to the time we - Enron collapsed, doing everything we could to save it.” — Kenneth Lay

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“But I was very close to George W. and had a lot of respect for him, had watched him over the years, particularly with reference to dealing with his father when his father was in the White House and some of the things he did to work for his father, and so (I) did support him.” — Kenneth Lay

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“But indeed a market like California is not good for Enron.” — Kenneth Lay

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“But the most important thing is, Enron did not cause the California crisis.” — Kenneth Lay

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“But we have very, very narrow limits on all of our buying and selling of all of our commodities worldwide; different kinds of terms, etc.” — Kenneth Lay

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“Every market is in transition.” — Kenneth Lay

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“First of all, to my knowledge, at that point in time there was nothing pending before FERC with reference to this particular issue.” — Kenneth Lay

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“I don't think I'm a criminal, number one.” — Kenneth Lay

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“I had every reason to think that the underlying businesses, the fundamentals of the underlying businesses, were strong.” — Kenneth Lay

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“I have faith in the market when we get the rules right.” — Kenneth Lay

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“I have to take responsibility for anything that happened within its businesses.” — Kenneth Lay

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“I mean, our primary businesses in wholesale pipelines, utilities, retail, were all doing extremely well.” — Kenneth Lay

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“I mean, the company had a lot of strong cash flows when it went into bankruptcy.” — Kenneth Lay

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“I take full responsibility for what happened at Enron. But saying that, I know in my mind that I did nothing criminal.” — Kenneth Lay

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“I think the primary reason for Enron's collapse was Andy Fastow and his little group of people and what they did.” — Kenneth Lay

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“I'd worked very closely with Ann Richards also, the four years she was governor.” — Kenneth Lay

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“I've been a strong financial and political supporter of, first, President Bush Sr. when he was running for president, and even when he ran for president a time or two and failed.” — Kenneth Lay

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“I've extended my contract with the company through 2005 and have reassumed the CEO and president positions.” — Kenneth Lay

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“If anybody has any electricity or natural gas and elects not to sell it at the kind of prices they've seen over the last 12 months - that's stupid.” — Kenneth Lay

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“If the rules are right - and they were not right in California - but if the rules are right, electricity, like any other commodity, can be arranged for, can be priced more efficiently by competitive market forces than it can be by regulators and monopolists.” — Kenneth Lay

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“If we go back over the last 20 years, as a country, we have underinvested in energy infrastructure.” — Kenneth Lay

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“In both the wholesale law for electricity and for natural gas, it really gives FERC alternatives.” — Kenneth Lay

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“In the case of Enron, we balance our positions all the time.” — Kenneth Lay

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“Investors don't like uncertainty.” — Kenneth Lay

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“It's mainly a matter that the generation of electricity - the marketing, the buying, the selling of electricity and natural gas are not regulated.” — Kenneth Lay

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“Jeff knew full well what he was walking away from. Again, he needed to deal with this right away.” — Kenneth Lay

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“Natural gas prices in Texas have also gone up two or threefold over the last several months, and indeed, electricity prices have, too.” — Kenneth Lay

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“Our liquidity is fine. As a matter of fact, it's better than fine. It's strong.” — Kenneth Lay

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“The company is probably in the strongest and best shape that it has ever been in.” — Kenneth Lay

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“The last thing I would have ever expected to happen to me in my life would be that, in fact, I would be accused of doing something wrong and maybe even something criminal.” — Kenneth Lay

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“The problems in California have been that it's been very difficult to site and build new power plants.” — Kenneth Lay

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“The transmission systems are still regulated.” — Kenneth Lay

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“There are absolutely no problems that had anything to do with Jeff's departure.” — Kenneth Lay

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“There are no accounting issues, no trading issues, no reserve issues, no previously unknown problem issues.” — Kenneth Lay

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“They can't do without electricity. They can do with less electricity.” — Kenneth Lay

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“Today, there are also buyers and sellers of all these energy commodities, just like there are buyers and sellers of food commodities and many other commodities.” — Kenneth Lay

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“Trillions of dollars every day are being exchanged around the world in all of the financial markets.” — Kenneth Lay

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“We are usually on opposite sides with the monopolists.” — Kenneth Lay

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“We don't break the law.” — Kenneth Lay

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“We had a lot more power-generating capacity than we really needed which was really built up under regulated models, where the more you invested, the more you spent, the more profits you made.” — Kenneth Lay

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“We have many large businesses in Enron, any one of which would be ranked rather high as a standalone.” — Kenneth Lay

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“We need someone who is a strong representative of our value system.” — Kenneth Lay

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“We see ourselves as first helping to open up markets to competition.” — Kenneth Lay

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“We use competitive markets to arrange for delivery of our food supply.” — Kenneth Lay

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“We're also looking for a good people person who is able to motivate others and get strong performances out of people.” — Kenneth Lay

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“We've tried to get as much supply into California as we can.” — Kenneth Lay

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“Well, rates would go up whether you deregulate or not, and of course, the rates that are going up right now on the electricity side are still within the regulated framework.” — Kenneth Lay

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“When Governor Bush, now President Bush, decided to run for the governor's spot, it was a little difficult situation.” — Kenneth Lay

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“When there's uncertainty they always think there's another shoe to fall. There is no other shoe to fall.” — Kenneth Lay

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“When you have a monopoly franchise player exercising their market power, then usually we're out on the other side of those issues.” — Kenneth Lay

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“You'd rather have a surplus versus a shortage in your position.” — Kenneth Lay

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“You'll have lower prices under deregulation than you will through regulation.” — Kenneth Lay

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