Brought to justice

Well, well, well! Kenny Boy Lay and Jeffrey Skilling were found guilty of fraud and conspiracy. It could not have happened to better people!

It's not nice to take pleasure from the misfortunes of others. I know that. But it feels so damned good!

Guilty! — And it's about time!

In the heady days before the fall, Enron was the darling of Wall Street. No one quite understood how they were making so much money, but hey, whatever works! Although the price of Enron stock defied gravity, everybody wanted a piece of the action, including me.

I "invested" some of my hard-earned cash in ten shares of the "crooked E" — and how appropriate that sobriquet turned out to be! When I finally unloaded the shares in May 2003, long after Enron had declared bankruptcy, I received the princely sum of 5.8¢ per worthless share, a far cry, indeed, from from the average $67 per share that I had paid.

The news that both Skilling and Kenny Boy (as W referred to his bosom buddy Lay) were found guilty was, therefore, very sweet news. Serendipitously, I presume, the judge in the shareholder suit against Enron approved the settlement just this week as well. If I get anything at all from the settlement it will surely be mere pennies on the dollar. I'm long past caring; I wrote off the capital loss against my taxes, the write-off being worth far more than the value of any check I might get.

No, the pleasure I take from the guilty verdict — Schadenfreude, really — comes not from monetary expectations, but from seeing those two high and mighty scumbags, who thought they were exempt from the rules the rest of us must play by, brought back down to earth. The only thing that will give me even more pleasure is the picture of the two of them being led through the prison gates.

Perhaps the two of them and Bernie Ebbers can find a fourth for bridge to pass the time in jail.