The Enron Story - Lay's Life in the Oil and Gas Sector

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In 1982, Lay was the number two executive at a natural gas pipeline company in Florida. His former boss had moved over to the big leagues in the energy industry. He comes up with an idea based on all of the economic theory that he knows. This is not the last time we're going to hear something to this fact in people's personal lives in the Enron story. Back to Mail Online home. Back to the page you came from.

The FTX fraud has dominated headlines now for weeks, during which we’ve debated if and how Acquired could uniquely add to the conversation. Then we realized there was an angle so perfect that we had to drop everything and enter Acquired research overdrive: Enron. Travel back with us to the granddaddy fraud of them all, 2001’s then-largest bankruptcy in US history and the impetus for the famous Sarbanes-Oxley Act. So much of Enron’s history parallels FTX that the uncanniness is almost unbelievable — right down to the same CEO running the two bankruptcies. Sit back and enjoy this crazy tale of villainy, greed, and the nature of humans and money. Maybe just don’t take notes on this one…

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‍Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.