Enron Foundation Falls Short of 2002 Pledges
From Times Wire Reports
Former Enron Corp. Chairman Kenneth L. Lay’s family foundation -- which had 90% of its holdings in Enron stock -- cannot meet this year’s pledges because its value plummeted from $52 million to $2.4 million last year. The Houston-based foundation has asked charities to let it honor the pledges in the future, Lay’s spokeswoman Kelly Kimberly said.
