Lay Money Requested for Katrina Victims
In February, Lay asked the school to return the money again so he could pay for his legal bills in the Enron trial. The university denied both requests because the money lay donated established the Kenneth L. Lay chair in economics. That chair is currently vacant, but officials say they intend to fill it.
"We have extended three offers so far to well known national figures and in each cases the institution where those people resided made a counter offer and those people decided to stay. So we're still searching for an excellent candidate to fill that position," said UM Spokesman Joe Moore.
MU officials say they have no comment about Lay's current legal trouble in the Enron case. If Lay is convicted, the university has no intentions of giving the money back or changing its plans for the endowed chair.