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 HOUSTON (AP) - Enron Corp. founder Kenneth Lay worried in 2001 that the company's mounting financial problems would jeopardize its credit rating and inquired about managing its accounting to avoid a downgrade, a former Enron treasurer testified Wednesday.
Testimony by former Treasurer Ben Glisan Jr., which began late Tuesday and has outlined a series of what he said were public fabrications by Lay and former Chief Executive Officer Jeffrey Skilling about the health of the company, struck a nerve with Lay.
During a break in Glisan's testimony Wednesday afternoon, a visibly annoyed Lay told reporters, "I've never heard so many lies in one day in my whole life." Lay's wife, Linda, nodded her head and added, "Unbelievable."
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