June 9, 2006
U. of Missouri Finds No Takers for Kenneth Lay Chair
Wanted: an international-economics professor who doesn't mind filling an endowed chair named after somebody convicted of accounting fraud.
The University of Missouri at Columbia is having a difficult time making use of a $1.1-million donation that Kenneth L. Lay gave in 1999 to establish the Kenneth L. Lay chair in economics. Mr. Lay, former chief executive of the collapsed energy company Enron and an alumnus of the university, was convicted last month of multiple counts of fraud and
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