Ken Lay can use any defense he wishes, but his claim of ignorance is hardly plausible. The Enron men accused by the government of committing widespread fraud -- former CEO Jeffrey K. Skilling, Chief Financial Officer Andrew S. Fastow, and chief accountant Richard Causey -- weren't distant underlings.They were Lay's closest lieutenants at the highest levels of the company. And what Skilling and Fastow did was part and parcel of Enron's business model. Without the fraud, Enron would not have been nearly as profitable. How could Lay not be held responsible for his people and what they did?
Chief executives are usually reluctant to talk publicly about other CEOs' travails. But they should make an exception in the case of Ken Lay and other executives who plead ignorance in denying their corporate and public responsibilities. It is time to shame these people, and there is no better way than for their colleagues to condemn them.