Richard Kinder, every mention

Enron · Acquired Nov 29, 2022 · 12 mentions

• ▶ 45:43 David Rosenthal So, 1990, now we're a couple years into the Lay Enron era, and Lay and the vice chairman of the company, a guy named Rich Kinder, who later would leave Enron before all the dirt hits the fan and start Kinder Morgan.
• ▶ 45:59 Ben Gilbert You can think of Rich Kinder, for now, as the hard assets guy.
• ▶ 2:55:25 Ben Gilbert Speaking of a seed to sort of start a firm, we didn't talk a lot in this episode about Richard Kinder, and we didn't because while he was as hard driving as the rest of the Enron execs, he was probably the most ethical and the most honest…
• ▶ 2:55:47 David Rosenthal Well, he was a pipeline guy, right?
• ▶ 2:55:48 Ben Gilbert He was a pipeline guy, yeah.
• ▶ 2:55:50 Ben Gilbert A lot of people, I think including himself, thought he was in line to be the CEO.
• ▶ 2:55:54 Ben Gilbert Um, and he was sort of Ken Lay's right-hand man for a while.
• ▶ 2:55:56 Ben Gilbert Upon his exit, when he's finally decided, like, the direction this is going is really just not for me.
• ▶ 2:56:03 Ben Gilbert There was sort of a sweetheart deal done for him to get a set of assets that he would use to be the sort of foundation for what would become Kinder Morgan.
• ▶ 2:56:12 Ben Gilbert It was an energy pipeline, and today, Kinder Morgan is a forty billion dollar company, and Kinder
• ▶ 2:56:20 Ben Gilbert He's worth like eight billion dollars.
• ▶ 2:56:22 Ben Gilbert You know, he's really good at running and managing a pipeline business, and when he saw that that wasn't the focus at Enron anymore, got out and started his own pipeline business.