Last week, Federal courts handed down convictions for Ken Lay and Jeff Skilling, the former corporate chiefs of Enron.
No other company better represented the "irrational exuberance" of the market back in 2000 than Enron. Throughout the late 90s and 2000, Fortune magazine named Enron as the most innovative company in America. Since their collapse in 2001, it's become the poster child for corporate fraud and corruption.
Al Mohler comments on this sad tale of corporate demise. He offers the view that we should set our eyes on a better day where perfect justice will prevail and no corruption will exist.
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I definitely do not have the full angle on the story behind Ken Lay and Jeff Skilling; but I certainly can see how easily corporate chiefs can be pressured into making the "bad" look good. When every word from their mouths can move their stocks up or down and when shareholders evaluate them on a strict performance basis.
Al Mohler's comments bring great comfort and hope for the day when nothing is measured in terms of $ and cents...
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