Sometimes it's too easy
The University of Missouri is having a hard time finding someone to fill the Kenneth Lay Chair of Economics.
The University of Missouri-Columbia is still seeking someone to fill the professorship donated by Kenneth Lay, the MU alumnus indicted on charges related to the fall of Enron Corp., the company he once led.
The campus issued a three-sentence statement this morning after federal authorities unsealed an indictment against Lay that charges 11 counts of wire fraud, securities fraud, and making false and misleading statements. “While University of Missouri-Columbia officials understand that Ken Lay has been indicted, they feel it is important to let the judicial process run its course before taking any action,” the statement read. “The university will not speculate on any future actions.”
In 1999, Lay donated Enron stock to finance a chair in his name. MU sold the stock for $1.1 million and placed it in an endowment. Advertisements for the chair were posted as recently as February, but the position has remained vacant since Lay’s donation.
Go figure.
(Via Fark)
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