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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Apr 25, 2006
Page
2
Kenneth Lay, 64, defends himself in a high profile trial, saying the Enron collapse caused vast job losses and investor losses. He denies fraud or conspiracy, cites theft by former CFO Andrew Fastow, negative press, bear market, and post 9 11 anxiety as key factors, and admits leadership mistakes.
Wendy’s International hired Dave Near, son of former Wendy’s top executive, as chief operations officer overseeing about 6700 restaurants. Near and his brother Jason run 29 Austin area restaurants. their father Jim Neat died in 1996 at age 38. Caterpillar posts strong first quarter with 45 percent earnings rise to 840 million. Sanjay Kumar, ex Computer Associates CEO, pleads guilty to obstruction of justice and securities fraud alongside former sales head Stephen Richards.
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