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Evidence receipt / belief

Published · transcript-backed

Ben Gilbert: belief

29 Nov 2022 Acquired Enron

“A lot of people, I think including himself, thought he was in line to be the CEO.”

— Ben Gilbert

Source trail

Everything needed to verify it.

Speaker
Ben Gilbert
Attribution
Verified speaker
Claim type
belief
Recorded
29 Nov 2022
Publisher
Acquired
Episode
Enron

Transcript context

…He was a pipeline guy, right? He was a pipeline guy, yeah. A lot of people, I think including himself, thought he was in line to be the CEO. He was Ken Lay's right hand man for a while. Upon his exit, when he's finally decided the direction this is going is really just not for me, this is going in a very Skilling direction, there was a sweetheart deal done for him to get a set of assets that he would use to be the foundation for what would become Kinder Morgan. It was an energy pipeline. Today, Kinder Morgan is a $40 billion company, and Kinder is a billionaire. He's worth like $8 billion. He's really good at running and managing a pipeline business. When he saw that that wasn't the focus of Enron anymore, got out, and started his own pipeline business. David, do you know what other asset was bought from Enron to become someone else's something business? I know UBS, where my first job was out of college, bought the trading assets out of Enron.…

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