2min chapter

Acquired cover image

Enron

Acquired

CHAPTER

Securitization of Energy Assets

In 1984, Lays Baby became the CEO of Houston-based energy giant Transco. The company is now trying to create a real-time market where consumers can buy and sell on the spot market. It's important to remember that securitization is still a reasonably new concept even on Wall Street. And he was the perfect person to do this because he had the industry experience.

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