Tuesday, May 23, 2006

Lay alma mater rebuffs endowment request - Boston.com

Lay alma mater rebuffs endowment request - Boston.com: "By Alan Scher Zagier, Associated Press Writer | May 22, 2006

COLUMBIA, Mo. --Seven years after donating $1.1 million in Enron stock to his alma mater and with little to show for the gift, company founder Kenneth Lay asked the University of Missouri to steer the unspent money to Hurricane Katrina relief.

The school rejected the request, according to records obtained Monday by The Associated Press. By February, a Lay attorney was asking the school to return the money so Lay could pay legal bills stemming from the fraud and conspiracy case against him. The school again turned him down."

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