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
Read more about this topic: Kenneth Lay
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“Custom, then, is the great guide of human life. It is that principle alone, which renders our experience useful to us, and makes us expect, for the future, a similar train of events with those which have appeared in the past.”
—David Hume (1711–1776)