Enron Context Flashcards
How many people lost their jobs?
20,000
When was Enron founded?
1985
What did Fastow say to Bethany McLean?
“i don’t care what you write about the company, just don’t make me look bad”
What was Enron valued at?
$70 billion at its peak
What did Enron’s 1998 annual report say?
“ruthlessness, callousness and arrogance don’t belong here”
removed by 2000
Who was the largest donor to Enron?
George W Bush
What was PRC?
The Performance Review Committee
Terminated the bottom 15% of employees annually
When did Enron declare bankrupsy?
December 2nd 2001
What was the average severance pay of an Enron employee?
$4500
How many years was Jeffrey Skilling sentenced to?
24 years and 4 months
How large was Skilling’s 2001 payout?
$42 million
What title was granted to Enron 6 years in a row?
Forbes called it corporate America’s most innovative company
How many customers were affected by the blackouts?
March 19th - 20th 2000
1.5 million
What happened to stock price when Skilling resigned?
Fell from $83/share to less than $1/share
When did Lay die?
5th June 2006
What was Fastow’s prison sentence?
6 years
Which former Enron executive committed suicide a year after he resigned?
John Clifford Baxter
Who was the Enron chief whistle blower?
Sherron Watkins
What did Bethany McLean do?
She wrote an article for Fortune Magazine that helped exposed Enron
How long was Skilling the CEO of Enron?
February to August 2001
What happened to Skilling’s son?
In 2011, Skilling’s 20-year-old son, John Taylor Skilling, was found dead in his dorm room, presumed suicide
How did Fastow get a shorter sentence?
By testifying against Skilling
How many counts of fraud was Skilling found guilty of?
18
When was Enron written?
2009
What was written in the lobby of Enron?
The four core values:
Integrity
Communication
Respect
Excellence
Context around the election?
2000 US election - 0.09% margin
537 votes separated the candidates in Florida
How many documents were shredded?
1 ton of paper documents were shredded
