Former Enron Corp. chief Kenneth Lay went to the same university that my Human went to, but it was a really long time ago. That's really about all that they have in common. My Human has never been really rich, but she's also never been convicted of conspiracy to commit securities fraud, either.In 1999 Mr. Lay gave Mizzou $1.1 million dollars to endow a chair in economics in his name. The University never got anyone to sit in that really expensive chair, so the money remains unused. Now Mr.
Lay would like the money back, but the University says that the gift is irrevocable. Also, the money can't be used for any other purpose. So a bunch of stupid humans from the University and Mr. Lay's representatives are trying to figure out what to do with the money. Mizzou insists that they are still trying to find someone to take the Kenneth Lay Chair in Economics.
2 comments:
Maybe it would be easier to fill if they rename it the Kenneth Lay Chair in Fraudulent Economics.
A different branch of the Univ of MO wants to start a "business ethics" program. I like the thought of the money endowing that.
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