Ig winners Lay, Skilling keep on keeping on

EnronLogo.jpegFormer Ig Nobel Economics Prize winners Kenneth Lay and Jeffrey Skilling continue their successful pattern of making news. A May 25, 2006 Bloomberg News report gives the latest chapter:

Lay, Skilling Convicted of Fraud That Doomed Enron

Kenneth Lay and Jeffrey Skilling, who built Enron Corp. into the nation’s seventh-largest company and then drove it into bankruptcy, were convicted of orchestrating a fraud that made the energy trader the symbol of corporate deceit in America. Jurors in federal court in Houston deliberated six days before finding Lay, Enron’s former chairman, and Skilling, its former chief executive officer, guilty today of fraud, conspiracy and other charges for lying to investors about the company’s finances….

The pair shared their Ig Nobel Prize, in 2002, with all the other executives, corporate directors, and auditors of Enron, Lernaut & Hauspie, Adelphia, Bank of Commerce and Credit International, Cendant, CMS Energy, Duke Energy, Dynegy, Gazprom, Global Crossing, HIH Insurance, Informix, Kmart, Maxwell Communications, McKessonHBOC, Merrill Lynch, Merck, Peregrine Systems, Qwest Communications, Reliant Resources, Rent-Way, Rite Aid, Sunbeam, Tyco, Waste Management, WorldCom, Xerox, and Arthur Andersen, for adapting the mathematical concept of imaginary numbers for use in the business world.