Top 35 Kenneth Lay Quotes (2024 Update)

Kenneth Lay Quote: “Aggressive accounting does not mean illegal accounting.”

1. “Aggressive accounting does not mean illegal accounting.”

— Kenneth Lay

Kenneth Lay Quote: “Am I a fool? I don’t think I’m a fool. But I think I sure was fooled.”

2. “Am I a fool? I don’t think I’m a fool. But I think I sure was fooled.”

— Kenneth Lay

Kenneth Lay Quote: “I don’t think I’m a criminal, number one.”

3. “I don’t think I’m a criminal, number one.”

— Kenneth Lay

Kenneth Lay Quote: “Investors don’t like uncertainty.”

4. “Investors don’t like uncertainty.”

— Kenneth Lay

Kenneth Lay Quote: “I don’t fear jail because I know I’m not guilty. I know I did nothing wrong. I did nothing criminal and I also believe my God will get me through this.”

5. “I don’t fear jail because I know I’m not guilty. I know I did nothing wrong. I did nothing criminal and I also believe my God will get me through this.”

— Kenneth Lay

Kenneth Lay Quote: “I’ve not only pursued the American dream, I’ve achieved it. I suppose we could say the last few years, I’ve also achieved the American nightmare.”

6. “I’ve not only pursued the American dream, I’ve achieved it. I suppose we could say the last few years, I’ve also achieved the American nightmare.”

— Kenneth Lay

Kenneth Lay Quote: “They can’t do without electricity. They can do with less electricity.”

7. “They can’t do without electricity. They can do with less electricity.”

— Kenneth Lay

Kenneth Lay Quote: “You’d rather have a surplus versus a shortage in your position.”

8. “You’d rather have a surplus versus a shortage in your position.”

— Kenneth Lay

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

9. “When there’s uncertainty they always think there’s another shoe to fall. There is no other shoe to fall.”

— Kenneth Lay

Kenneth Lay Quote: “If there is anything material and we’re not reporting it, we’ll be breaking the law. We don’t break the law.”

10. “If there is anything material and we’re not reporting it, we’ll be breaking the law. We don’t break the law.”

— Kenneth Lay

Kenneth Lay Quote: “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.”

11. “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

Kenneth Lay Quote: “But I can’t take responsibility for criminal conduct of somebody inside the company.”

12. “But I can’t take responsibility for criminal conduct of somebody inside the company.”

— Kenneth Lay

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

13. “In the case of Enron, we balance our positions all the time.”

— Kenneth Lay

Kenneth Lay Quote: “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.”

14. “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

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

15. “The problems in California have been that it’s been very difficult to site and build new power plants.”

— Kenneth Lay

Kenneth Lay Quote: “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.”

16. “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

Kenneth Lay Quote: “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.”

17. “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

Kenneth Lay Quote: “We will cooperate fully with the SEC and look forward to the opportunity to put any concern about these transactions to rest.”

18. “We will cooperate fully with the SEC and look forward to the opportunity to put any concern about these transactions to rest.”

— Kenneth Lay

Kenneth Lay Quote: “The collapse of Enron and the subsequent collapse of Arthur Andersen were tremendous tragedies. But as I stated at the time of my indictment on July 8, 2004, failure does not equate to a crime.”

19. “The collapse of Enron and the subsequent collapse of Arthur Andersen were tremendous tragedies. But as I stated at the time of my indictment on July 8, 2004, failure does not equate to a crime.”

— Kenneth Lay

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

20. “I have faith in the market when we get the rules right.”

— Kenneth Lay

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

21. “But indeed a market like California is not good for Enron.”

— Kenneth Lay

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

22. “We use competitive markets to arrange for delivery of our food supply.”

— Kenneth Lay

Kenneth Lay Quote: “Every market is in transition.”

23. “Every market is in transition.”

— Kenneth Lay

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

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

— Kenneth Lay

Kenneth Lay Quote: “The transmission systems are still regulated.”

25. “The transmission systems are still regulated.”

— Kenneth Lay

Kenneth Lay Quote: “I take responsibility for what happened at Enron, both good and bad. But I cannot take responsibility for criminal conduct that I was unaware of.”

26. “I take responsibility for what happened at Enron, both good and bad. But I cannot take responsibility for criminal conduct that I was unaware of.”

— Kenneth Lay

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

27. “There are no accounting issues, no trading issues, no reserve issues, no previously unknown problem issues.”

— Kenneth Lay

Kenneth Lay Quote: “But certainly I didn’t know he was doing anything that was criminal.”

28. “But certainly I didn’t know he was doing anything that was criminal.”

— Kenneth Lay

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

29. “We see ourselves as first helping to open up markets to competition.”

— Kenneth Lay

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

30. “I have to take responsibility for anything that happened within its businesses.”

— Kenneth Lay

Kenneth Lay Quote: “It’s been very interesting. We’ve seen a lot of interesting testimony. We’ve seen a lot of interesting people, a lot of allegations, a lot of lies, a lot of misinformation and some truth.”

31. “It’s been very interesting. We’ve seen a lot of interesting testimony. We’ve seen a lot of interesting people, a lot of allegations, a lot of lies, a lot of misinformation and some truth.”

— Kenneth Lay

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

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

— Kenneth Lay

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

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

— Kenneth Lay

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

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

— Kenneth Lay

Kenneth Lay Quote: “There are absolutely no problems that had anything to do with Jeff’s departure.”

35. “There are absolutely no problems that had anything to do with Jeff’s departure.”

— Kenneth Lay

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