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:: Friday, July 16, 2004 ::
Plausible Deniability: Corporate Get-Out-of-Jail-Free Card
The indictment of former Enron CEO Ken Lay in the landmark Enron Scandal brings to the test the corporate plea: I didn’ know ‘nuttin.
The corporate spin phrase for this approach is “plausible deniability” or “the view from 30,000 feet.”
Essentially, Lay’s defense is that he had no idea that the bad guys down the hall were cooking the books. As far as he knew, everything was okey-dokey. Calling his chief financial officer a “liar and a thief,” Lay offered the following Clintonian self-exculpation: to the extent that I did not know what he was doing ... then indeed, I cannot take responsibility."
:: James Baar 7/16/2004 05:44:00 PM [+] ::
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