Ken Lay was the chair of the board and the CEO?

Ken Lay was the chairman and CEO of Enron Corporation, a role he held until the company's infamous collapse in 2001 due to widespread accounting fraud. Under his leadership, Enron was once considered a high-flying energy company, but it became synonymous with corporate greed and corruption. Lay's actions and decisions during the scandal led to his indictment and eventual conviction for fraud and conspiracy, although he passed away in 2006 before sentencing. His legacy is often cited as a cautionary tale in discussions about corporate ethics and governance.