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Enron : Climax of executive greed and deception
Page entitled :
Kenneth Lay's way to Chief Executive Officer and Enron
Content of this page is about :
Ken Lay's career path from university to the Department of Energy and on to
Florida Gas, Transco and Houston Natural Gas, HNG InterNorth, he renamed
Enron after becoming CEO.
Extract :
... Houston Natural Gas (HNG), a descendent of Houston Oil Company (founded
1901 by Patrick Calhoun and John Henry Kirby). Factually InterNorth acquired
the much smaller HNG but spiritually, as far as management was concerned, it
was the other way around. Soon after the merger Sam Segnar (formerly from
InterNorth) resigned as CEO, leaving the way for Kenneth Lay, and the name
of the company was changed ...
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