Kenneth Lay
Redirected from Ken Lay
Kenneth L. Lay (born 1942) is an American businessman and former CEO of Enron Corporation. Lay was the CEO and chairman of Enron from 1986 until his resignation on January 23, 2002.
Lay sold large amounts of his Enron stock in September and October of 2001 as its price fell, while encouraging employees[?] to buy more stock, telling them the company would rebound.
Lay liquidated ( tranformed into currency) more than $300 million in Enron stock from 1989 to 2001, mostly in stock options.
Lay was a friend and supporter of George H. W. Bush and George W. Bush, who often had the ear of both on issues of energy policy.
During the 2000 campaign of George W. Bush, Lay was a "pioneer" - a supporter who gave more than $100,000. Enron and Lay have given the younger Bush over $600,000 during his entire political career. He was nicknamed "Kenny Boy" by George W. Bush, and was often noted by Bush at public events, before Lay's reputation was destroyed.
See also: Timeline of the Enron scandal.
Curriculum vitae
1965 Economist, Exxon Corporation 1969 Assistant professor, George Washington University[?] 1971 Assistant to a commissioner, Federal Power Commission[?] 1972 Undersecretary for energy issues, Department of the Interior 1974 Vice president, Florida Gas[?] 1976 President, Florida Gas 1979 Executive vice president, The Continental Group[?] 1981 President, chief operating officer[?], Transco[?] 1984 Chief executive officer, Houston Natural Gas[?] 1985 Enron formed by merger of Houston Natural Gas and Internorth[?] 1990 Chairman of the board and chief executive officer, Enron co-chairman, organizing committee for G-7 summit 1992 Co-chairman, President Bush Re-election Committee[?] chairman, Republican National Convention[?], Houston
1992 Assists with campaign of Sheila Jackson-Lee[?] to defeat Congressman Craig Washington[?] 2001 Jeffrey Skilling[?] becomes CEO for a few months 2002 Lay resigns as Enron CEO, leaves board
External Link