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Nationality: American
Year of Birth: 1942
Work History: Kenneth acted as an economist for Exxon Mobil Corporation in the 60s (1965 to 1968). He joined the Florida Gas by 1974. He worked as the President of the same company from 1981 to 1982. By 1982, Kenneth joined Trasnco Energy where he served as the President and the CEO from 1982 to 1984. He was also appointed the Chairperson of Houston Natural Gas in 1985. Finally, by 1986, he was appointed as the CEO on Enron Corporation. Scandalous business practices led to the bankruptcy of Enron in 2002.
Education: Kenneth secured BA and MA in Economics from the University of Missouri in 1964 and 1965 respectively. For a brief period, he acted as a professor in George Washington University. He obtained his PhD in Economics by 1970 from University of Houston.
Bio: Kenneth Lay was an illustrious American businessperson who led a vastly successful life for many years before being indicted for corporate frauds. In fact, by the time he admitted his doings, Enron Corporation was literally non-existent. The desire to acquire wealth through improper channels led to the downfall of the company.
After securing his PhD, Kenneth wanted to achieve even greater heights. He realized that being a federal energy regulator would give him access to notable figures in the energy industry. He meticulously planned his proceedings and within months, he was absorbed into some of the leading energy corporations in the country. Kenneth began to be liked in the corporate circles for his hardworking nature and management skills. Specializing in Economics gave him a leading edge over the others, and hence he could act as a business consultant to several other power corporations.
With the rapid deployment of power and natural gases across the country, the company shares began to rise. The management operated at top-notch levels, and it helped in attaining the coveted "America's Most Innovative Company" tag for Enron Corporation - under the watchful eyes of Kenneth Lay. Kenneth ensured that the employees could benefit on the long-term basis by working with Enron. Unfortunately, within years the same corporation had to face the unlikeliest of the situations.