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Enron Corp.s President to Get CEO Title; Chairman to Stay with Company.(Knight Ridder/Tribune Business News)
Knight Ridder/Tribune Business News, December, 2000 by Maxon, Terry
Dec. 14--Houston energy giant Enron Corp. said Wednesday it is giving its president, Jeffrey K. Skilling, the additional title of chief executive officer as of February.
However, the more interesting news was that chairman Kenneth Lay, CEO since the company was formed in 1986, is apparently going to stick around rather than join the administration of political pal George W. Bush as the rumor mill had said.
"I am particularly happy that Ken and I will continue running the company together and that he has put the rumors of his possible departure to Washington, D.C., to rest," Mr. Skilling said in a prepared statement. "Ken and I have worked together since 1990, and we don't want to break up a team that has delivered superior returns to Enron's...
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