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KENNETH
LAY
Former Enron chairman
Had he resigned only a few months earlier, Lay might have received
a "golden parachute" in excess of $25 million. Instead,
he departed in shame last week, and must defend himself from lawsuits
and hostile questions during televised congressional hearings that
start Feb. 4. Still, Lay, who helped found Enron in 1985 and became
its CEO, has received about $200 million in salary, stock and other
compensation from Enron since 1999. He enjoyed privileges rare even
for top CEOs, such as the $7.5 million revolving credit line Enron
extended him, which he reportedly used and repaid with Enron stock
15 times between last February and October. Lay will maintain his
seat on Enron's Board of Directors, a perch from which, some say,
he can keep an eye on the investigators probing the company.
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