{"id":40763,"date":"2013-10-27T23:20:16","date_gmt":"2013-10-27T23:20:16","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/the_economist_in_response_to_red_tape_and_high_taxes_corporate_america_is_m\/"},"modified":"2013-10-27T23:20:16","modified_gmt":"2013-10-27T23:20:16","slug":"the_economist_in_response_to_red_tape_and_high_taxes_corporate_america_is_m","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=40763","title":{"rendered":"(The Economist) In response to red tape and high taxes, corporate America is mutating"},"content":{"rendered":"<p>In 1996 Richard Kinder was the president of Enron and the heir-apparent to Ken Lay, the energy firm\u2019s boss. It was not to be. He was passed over for the top job, apparently judged too conservative to take the helm of America\u2019s most innovative company. His next move, with a partner, was to buy some pipelines and a coal terminal from his former employer. Buying things that rust? It was all very old economy.<\/p>\n<p>Sixteen years later the man who bested Mr Kinder to become Enron\u2019s chief executive is in jail and that company is a byword for misleading accounting. By contrast Kinder Morgan is worth $109 billion, Mr Kinder\u2019s personal stake approaches $9 billion and in the past year alone he has received distributions of $376m. That success is partly due to America\u2019s energy boom and Mr Kinder\u2019s talents; but it is also due to his shrewd use of a distinctive corporate structure&#8230;.<\/p>\n<p><a href=\"http:\/\/www.economist.com\/news\/leaders\/21588365-response-red-tape-and-high-taxes-corporate-america-mutating-subterranean-capitalist\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 1996 Richard Kinder was the president of Enron and the heir-apparent to Ken Lay, the energy firm\u2019s boss. It was not to be. He was passed over for the top job, apparently judged too conservative to take the helm<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=40763\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,40,50,209,589,149,168,133,114,151,587,584,34],"tags":[],"class_list":["post-40763","post","type-post","status-publish","format-standard","hentry","category-culture-watch","category-economics-politics","category-international-news-commentary","category-americau-s-a","category-corporationscorporate-life","category-economy","category-ethics-moral-theology","category-history","category-law-legal-issues","category-politics-in-general","category-taxes","category-the-u-s-government","category-theology"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/40763","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40763"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/40763\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}