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If there is any consolation for me it all, it is that my net-worth is slowly but steadily climbing in a world where others’ numbers are quickly declining. For example, here’s the latest gossip about Ken Lay, thanks to CNN Money:

His $1.9 million trust will be depleted by legal fees, which will probably total $30 million. His retirement holdings have fallen from $68 million to only $3.5 million. According to the New York Times, Lay’s net worth is now sitting at $650,000, down from $400 million at its peak.

If that isn’t financial defeat, I don’t know what is.

By the way, I’ve selected a winner for the latest giveaway and I’ve emailed the winner for confirmation. If everything’s cool, I’ll announce later today.

Published or updated February 28, 2006. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

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About the author

Luke Landes is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View all articles by .

{ 3 comments… read them below or add one }

avatar jim

Lay deserves it.

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avatar FMF

I think something’s wrong — I didn’t get that email you mention. ;-)

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avatar Patrice

I think you forgot a key point here: Lay’s fortune was not made because he was a hard worker or because he was a business genius or because he was investing smartly.

His fortune was built on sand as it was the result of defrauding others: employees and investors.

So, in your case, I would not call your sentiment “Schadenfreude” but simply justice served.

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