"Kenneth Lay is most likely responsible for devastating the retirement accounts of thousands of Enron employees. The news reports, SEC, criminal and Congressional investigation all assimilate conclusions that the Chief Executive officer of a company is responsible for what happens in that company. In past cases of financial wrongdoing by a company, the CEO has been held accountable. Kenneth Lay was the CEO of Enron at the time when the financial records were falsified and employees were not allowed to sell stocks, in which they owned, in the company. At the same time, he sold his stocks and made millions! Unless lower level officers in the company withheld information from him so he was unaware of the financial difficulties of Enron, then he is guilty of fraud!"
Marcia Golding
Claim- Kenneth Lay is most likely responsible for devastating the retirement accounts of thousands of Enron employees.
Warrant - the Chief Executive officer of a company is responsible for what happens in that company.
Verifier- The news reports, SEC, criminal and Congressional investigation all assimilate conclusions.
Backing- In past cases of financial wrongdoing by a company, the CEO has been held accountable.
Grounds- Kenneth Lay was the CEO of Enron at the time when the financial records were falsified and employees were not allowed to sell stocks, in which they owned, in the company. At the same time, he sold his stocks and made millions!
Qualifier- most likely
Rebuttal- Unless lower level officers in the company withheld information from him so he was unaware of the financial difficulties of Enron, then he is guilty of fraud!"
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