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Under CEO Kenneth Lay, Portland Newcomer Enron Charges Ahead.(Originated from The Oregonian, Portland, Ore.)
Knight Ridder/Tribune Business News, June, 1997 by Walth, Brent
HOUSTON--Jun. 24--Two symbols of Kenneth Lay's obsession roost in his office 51 stories above the hot Texas sidewalk. A brass telescope points through his tall windows and out across the flat panorama. Near it sits a big globe.
One represents the world market Lay wants his company, Enron Corp., to rule. The other: The vision allies and foes say that Lay -- more than anyone else -- has to make it happen.
Lay pulled Enron from a swamp of debts 11 years ago and made it the dominant natural gas and electricity seller in the United States.
But the markets that Enron commands today didn't exist a decade ago.
Instead, Lay, at Enron's helm, helped create them by peeling back government regulation and rewriting the rules that...
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