David Rosenthal: observation

Transcript context

…Wow. It's literally the same story. That's crazy. Literally, it's the same story, so that she could live at home, which was the only way they could afford for her to attend the University of Missouri at Columbia. Very, very lovely place, which we have now been to multiple times for Capital Camp. She goes to the University of Missouri. Ken would follow in her footsteps, also go to the University of Missouri, where he would discover a lifelong passion for economics. He's a star student in the economics department. He graduates. He goes on to work in the oil industry after he graduates. On the nights and weekends while he's working in the industry, he completes a PhD in economics. And then one day, he gets a call in the mid-1970s from his old adviser from Missouri, his old professor, who just got nominated to the Federal Power Commission, right as all of this deregulation is starting to percolate its way through the government. He calls up Lay and says, come join me here in DC and help me work through all this with the government and the industry. Lay ends up serving as the deputy undersecretary of energy in the Department of the Interior right as these oil shocks are happening and deregulation is starting to be talked about. After a few years, he goes back into industry at Florida Gas, a pipeline company in Florida, as the President and number two operator within the company. So far in this guy's career, he sounds like the real deal.…

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