Ken Lay borrowed $70 million from the company after losses were announced and paid back the money with MCI stock.

Question

Quizplus · Accepted Answer

Ken Lay borrowed money from Enron, but there is no evidence that he paid back the loans with MCI stock. The loans and financial transactions involving Lay and Enron were part of the broader financial scandal, but the specific claim about repaying with MCI stock is not accurate.

Ken Lay Borrowed $70 Million from the Company After Losses