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(Yahoo)   Where are the Enron players 20 years later? Keep in mind founder and CEO Ken Lay died on vacation and Jeffery Skilling is back in the energy world   (finance.yahoo.com) divider line
    More: Followup, Enron, Enron Corp., Lou Pai, name Enron, energy-trading giant's downfall, Rebecca Mark, grand jury, Andrew Fastow  
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824 clicks; posted to Business » on 02 Dec 2021 at 6:30 PM (8 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



23 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2021-12-02 6:41:05 PM  
'Murica.
 
2021-12-02 6:48:06 PM  
All part of the plan
 
2021-12-02 6:54:12 PM  
"Died"
 
2021-12-02 6:54:42 PM  
A reminder it's always been this way
 
2021-12-02 7:23:33 PM  

Suflig: "Died"


Kenny Boy's wife go to keep all her money.
 
2021-12-02 7:38:19 PM  
Enron Ken is on a beach in the South Pacific. If I had his money, and was an apex sociopath like him, I'd have done the same.
 
BBH
2021-12-02 7:54:33 PM  
One thing that I hated about the Enron deal, about a dozen people killed Arthur Anderson and so many people lost their careers because of it.
 
2021-12-02 8:05:03 PM  
Fastow last year said he accepted full responsibility for his actions and considers himself "probably the person most responsible for Enron's failure" after originally viewing himself as a "hero." Fastow, who's now a public speaker on business ethics, declined to comment when reached by phone.

...the fark?! What, is this how he's working off his parole or something, doing "Scared Straight For Corporate Businesspeople" classes?
 
2021-12-02 8:07:00 PM  

BBH: One thing that I hated about the Enron deal, about a dozen people killed Arthur Anderson and so many people lost their careers because of it.


Arthur Anderson isn't dead, at least not completely. Robert Half bought out their audit & risk consulting practices. It's now Protiviti. I know, because I'm on a gig for them.
 
2021-12-02 8:07:17 PM  
*Andersen
 
2021-12-02 8:31:18 PM  
Lou Pai was always an interesting character in all this.  I believe in the documentary they mentio he was one of the biggest landowners in WY or CO, wonder if he's even richer from selling it.
 
2021-12-02 8:39:48 PM  

Suflig: "Died"


yes, "died" on a three month vacation he was allowed before having to report to prison after his conviction.
 
2021-12-02 8:58:05 PM  

FormlessOne: BBH: One thing that I hated about the Enron deal, about a dozen people killed Arthur Anderson and so many people lost their careers because of it.

Arthur Anderson isn't dead, at least not completely. Robert Half bought out their audit & risk consulting practices. It's now Protiviti. I know, because I'm on a gig for them.


It didn't really buy them out so much as create a new company with a large number of former Andersen partners who had lost all their money, but still had contacts.
 
2021-12-02 10:00:09 PM  

TedCruz'sCrazyDad: FormlessOne: BBH: One thing that I hated about the Enron deal, about a dozen people killed Arthur Anderson and so many people lost their careers because of it.

Arthur Anderson isn't dead, at least not completely. Robert Half bought out their audit & risk consulting practices. It's now Protiviti. I know, because I'm on a gig for them.

It didn't really buy them out so much as create a new company with a large number of former Andersen partners who had lost all their money, but still had contacts.


A guy I knew who worked there well before the collapse said that a lot of newer partners got wiped out. Apparently when you make partner you take a note out for your partnership interest and pay it back over time. Since your pay and bonuses go up you don't notice but since the company dissolved those guys (most who had nothing to do with Enron) were left holding the bag.
 
2021-12-02 10:23:47 PM  
One of the execs spawned Elizabeth Holmes and her psychotic shiat
 
2021-12-02 10:47:58 PM  

iamskibibitz: TedCruz'sCrazyDad: FormlessOne: BBH: One thing that I hated about the Enron deal, about a dozen people killed Arthur Anderson and so many people lost their careers because of it.

Arthur Anderson isn't dead, at least not completely. Robert Half bought out their audit & risk consulting practices. It's now Protiviti. I know, because I'm on a gig for them.

It didn't really buy them out so much as create a new company with a large number of former Andersen partners who had lost all their money, but still had contacts.

A guy I knew who worked there well before the collapse said that a lot of newer partners got wiped out. Apparently when you make partner you take a note out for your partnership interest and pay it back over time. Since your pay and bonuses go up you don't notice but since the company dissolved those guys (most who had nothing to do with Enron) were left holding the bag.


The notes was held by Andersen, so they were basically ok.  They could jump ship to one of the other Big 4 firms and but only a very few were able to join at the partner level. Most had to start over.

It was the older partners that got really screwed. They didn't bother to save for retirement because when they retired, they would sell their partnerships back to Andersen and walk away with a huge chunk of cash. Instead they walked away with nothing and were too old to move to another firm and try and make partner.

In a weird twist of fate, Andersen was eventually found innocent of obstruction of justice, but by then it was too late.
 
2021-12-03 12:22:51 AM  
No one will forget 20 years ago when everyone ended up getting S-Ox for Christmas

/That's right, I told an accounting joke.
 
2021-12-03 1:31:08 AM  

akya: No one will forget 20 years ago when everyone ended up getting S-Ox for Christmas

/That's right, I told an accounting joke.


You are a sad sad person. I hope Ebenezer doesn't give you time off for CHristmas.
 
2021-12-03 8:44:05 AM  

FormlessOne: BBH: One thing that I hated about the Enron deal, about a dozen people killed Arthur Anderson and so many people lost their careers because of it.

Arthur Anderson isn't dead, at least not completely. Robert Half bought out their audit & risk consulting practices. It's now Protiviti. I know, because I'm on a gig for them.


And their consulting business is Ass Enter.
 
2021-12-03 9:25:40 AM  
I had the pleasure of working on and eventually leading the electronic evidence recovery process for Enron. Early on in the process we had to manually search each email account for the keywords the Govt. was asking for so I got to read a lot of those emails... They are so guilty and were so blatant about it.

I saw lot of the nasty underbelly of American corporations and venture capitalist in the that job.
I also got be in a meeting where the owner told the DOJ to get lost after they demanded we drug test all the employees.
 
2021-12-03 10:32:44 AM  

Nick Nostril: Enron Ken is on a beach in the South Pacific. If I had his money, and was an apex sociopath like him, I'd have done the same.


Behind every great fortune lies a great crime.

- Balzac
 
2021-12-03 12:26:53 PM  

TedCruz'sCrazyDad: FormlessOne: BBH: One thing that I hated about the Enron deal, about a dozen people killed Arthur Anderson and so many people lost their careers because of it.

Arthur Anderson isn't dead, at least not completely. Robert Half bought out their audit & risk consulting practices. It's now Protiviti. I know, because I'm on a gig for them.

It didn't really buy them out so much as create a new company with a large number of former Andersen partners who had lost all their money, but still had contacts.


Yep. That's why I'm on a programmer/writer gig for them, instead of auditing someone's ledger or mitigating financial risk. Still, that's where those bits went.
 
2021-12-03 2:53:09 PM  
Where Are They Now?

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