Saturday, October 07, 2006
Oil Makers (and one retirement breaker)
Cataloging a recent acquisition, Oil Makers, by Jeffrey Share (Rice University Press, Houston, 1995), I found a section in the book called New Vision. Curious about what the top level oil industry folks were forecasting a decade ago, I turned the page to the first chapter--a profile of Ken Lay of Enron. Hmmm... It starts by touting the company's "innovative business practices." Yeah, "innovative" is quite the euphemism. The chapter concludes with Lay talking about the company's vision, where he is quoted, "Perhaps a future edition of your book can see how well we did on this vision." I don't think that will be necessary. We all know what happened to "the vision." Besides, Kenny Boy ain't around to interview. Or is he? Some folks think Ken Lay is alive.