Kenneth Lay - Timeline of Events

Timeline of Events

  • 1965: Economist, Exxon Corporation
  • 1969: Assistant professor, George Washington University
  • 1970: Awarded PhD Economics, University of Houston
  • 1971: Assistant to a commissioner, Federal Power Commission
  • 1972: Undersecretary for energy issues, Department of the Interior
  • 1974: Vice president, Florida Gas Transmission
  • 1976: President, Florida Gas Transmission
  • 1981: President, chief operating officer, Transco
  • 1984: Chief executive officer, Houston Natural Gas
  • 1985: Enron formed by purchase of Houston Natural Gas by InterNorth
  • 1990: Chairman of the Board and chief executive officer, Enron; Co-chairman, organizing committee for G8 summit
  • 1992: Co-chairman, President Bush Re-election Committee; Chairman, 1992 Republican National Convention, Houston
  • 1993: Member, President Clinton's 'President's Council on Sustainable Development'
  • 1994: Assists with campaign of Sheila Jackson-Lee to defeat Congressman Craig Washington
  • February 2001: Steps aside as CEO in favor of Jeffrey Skilling
  • August 2001: Returns as CEO after Skilling's departure
  • January 2002: Under extreme pressure, Lay resigns as Enron CEO, leaves Board
  • July 2004: Indicted by grand jury
  • May 2006: Found guilty on ten counts of fraud and conspiracy
  • July 2006: Died at age 64, near Aspen, Colorado, while on vacation
  • October 2006: A federal Judge vacates conviction

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