Education:
University of Missouri – Bachelor of Arts (Honors), Economics (1964)
Master of Arts, Economics (1965)
University of Houston – Doctor of Philosophy, Economics (1970)
Ph.D. Thesis: The Measurement of the Timing of the Economic Impact of Defense Procurement Activity: An Analysis of the Vietnam Buildup
Education Honors:
Phi Beta Kappa, Omicron Delta Kappa, Omicron Delta Epsilon and Who’s Who in American Colleges and Universities
Business Summary:
1965 – 1968 Exxon Co., U.S.A. – Economist, Corporate Planning Department
1968 – 1971 United States Navy – Ensign; Lieutenant Junior Grade; Lieutenant; Deputy Director, (Research), Department of Defense Special Study Group on Defense Contractor Constructive Delivery (Accrual Accounting Implementation), Special Assistant to the Navy Comptroller and Financial Analyst, Office of Assistant Secretary of the Navy (Financial Management), Department of the Navy, the Pentagon. Received Navy Commendation Medal and National Defense Service Medal.
1970 – 1973 George Washington University – Assistant Professor (Evening Graduate Courses in Micro- and Macro-Economics)
1971 – 1972 Federal Power Commission (Currently Federal Energy Regulatory Commission) – Technical Assistant to Commissioner and Vice Chairman
1972 – 1974 United States Department of Interior – Deputy Under Secretary (Energy)
1974 – 1979 Florida Gas Company – Vice President, Corporate Development; Senior Vice President, President, Florida Gas Transmission Company
1979 – 1981 Continental Group – Executive Vice President; Continental Resources Company (Formerly Florida Gas Company) – President
1981 – 1984 Transco Energy Company – President, Chief Operating Officer and Director
1984 – 1985 Houston Natural Gas Co. – Chairman, CEO and Director
1985 – 1986 Enron Corp. – President, Chief Operating Officer, CEO, and Director
1986 – 2002 Enron Corp. – Chairman, CEO and Director
2002 – 2004 Lay Interests LLC – President
Family Status:
Married to Linda Phillips Lay, five children and twelve grandchildren
Military Service:
Officer, United States Navy
– Navy Commendation Medal
– National Defense Service Medal
