I know that this was following legal precedent, but Ken Lay and the collapse of Enron was a unique low point in American business. Quite a few people lost everything, many lost the bulk of their savings. $60 billion, gone, as though it never even existed in the first place. As it was, I found it revolting that Congress had left the guy with a loophole that protected his $2M per year insurance payout for the rest of his (and his wife's) life but this is really too much. To wipe Lay's record clean and move on simply is not right.
A federal judge ruled Tuesday that Lay's death this summer vacated his conviction on fraud and conspiracy charges connected to the downfall of the once mighty energy giant.
