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The YMCA was originally named after Ken Lay; in the wake of the corruption scandal that led to the downfall of Enron Corporation, a major Houston-based energy company which Lay headed, he asked for his name to be removed from the YMCA in June 2006, shortly before his death. [10]
On July 7, 2004, Lay was indicted by a grand jury in Houston, Texas, for his role in the company's failure. Lay was charged, in a 65-page indictment, with 11 counts of securities fraud, wire fraud, and making false and misleading statements. The trial of Kenneth Lay and Jeffrey Skilling commenced on January 30, 2006, in Houston. [2]
The jury reached its verdict on May 25, 2006, convicting both Lay and Skilling. Lay was also convicted by Sim Lake of charges in a separate bench trial. Lay died on July 5, 2006, and his convictions were vacated on October 17, 2006. Sentencing of Skilling took place on October 23, 2006.
It employs 19,000 staff and is supported by 600,000 volunteers, and YMCA branches have about 10,000 service locations. [1] The first YMCA in the United States opened on December 29, 1851, in Boston, Massachusetts. It was founded in 1851 by Captain Thomas Valentine Sullivan (1800–59), an American seaman and missionary. [2]
YMCA, sometimes regionally called the Y, is a worldwide youth organization based in Geneva, Switzerland, with more than 64 million beneficiaries in 120 countries.It has nearly 90,000 staff, some 920,000 volunteers and 12,000 branches worldwide. [1]
Baltimore, Maryland, Oldest Central Building of the YMCA constructed 1872–73, a triangular structure of five stories in "Second Empire" style architecture with brick and stone trim, slate mansard roof with large corner central tower and several smaller towers (later removed in early 1900s remodeling), at the northwest corner of West Saratoga and North Charles Street, on the northwest edge of ...
Houston Natural Gas Corporation (HNG) was a gas utility headquartered in Houston, Texas. The company was acquired by InterNorth Inc. in 1985, with HNG executives taking top positions at InterNorth. Following the transaction, InterNorth was renamed Enron Corporation , and the company headquarters was moved from InterNorth's base in Omaha to the ...
Ken left Continental Resources Company in 1981 to join Transco Energy Company in Houston, Texas where he held the positions of President, Chief Operating Officer and Director. In 1984, Ken accepted the position as Chairman and CEO of Houston Natural Gas Co., which merged with InterNorth in 1985, and which would later be renamed Enron Corp.