Ken Lay, in an apparent move toward self-preservation, borrowed $70 million from the company after losses were announced and paid back the money with:

Question

Quizplus · Accepted Answer

Ken Lay paid back the $70 million he borrowed from Enron with Enron stock, which he owned. However, the stock was overvalued and its actual worth did not reflect the amount of money he borrowed. This move was seen as a way for Lay to avoid personal financial loss and shift the burden onto Enron shareholders.

Ken Lay, in an Apparent Move Toward Self-Preservation, Borrowed $70