enron: 21,000 arthur anderson: 29,000 retirement: $1.2 billion pensions: $2 billion
DESCRIPTION
Enron: 21,000 Arthur Anderson: 29,000 Retirement: $1.2 Billion Pensions: $2 Billion. http://media3.washingtonpost.com/wp-srv/photo/gallery/091224/GAL-09Dec24-3428/media/PHO-09Dec24-195540.jpg. http://popcornreel.com/notebaxter.jpg. http://www.apfn.org/enron/baxter2-1-02.jpg. - PowerPoint PPT PresentationTRANSCRIPT
![Page 1: Enron: 21,000 Arthur Anderson: 29,000 Retirement: $1.2 Billion Pensions: $2 Billion](https://reader035.vdocuments.site/reader035/viewer/2022062520/56815b4a550346895dc929e4/html5/thumbnails/1.jpg)
![Page 2: Enron: 21,000 Arthur Anderson: 29,000 Retirement: $1.2 Billion Pensions: $2 Billion](https://reader035.vdocuments.site/reader035/viewer/2022062520/56815b4a550346895dc929e4/html5/thumbnails/2.jpg)
•Enron: 21,000•Arthur Anderson: 29,000•Retirement:
$1.2 Billion•Pensions: $2 Billion
http://media3.washingtonpost.com/wp-srv/photo/gallery/091224/GAL-09Dec24-3428/media/PHO-09Dec24-195540.jpg
![Page 3: Enron: 21,000 Arthur Anderson: 29,000 Retirement: $1.2 Billion Pensions: $2 Billion](https://reader035.vdocuments.site/reader035/viewer/2022062520/56815b4a550346895dc929e4/html5/thumbnails/3.jpg)
http://popcornreel.com/notebaxter.jpg
![Page 4: Enron: 21,000 Arthur Anderson: 29,000 Retirement: $1.2 Billion Pensions: $2 Billion](https://reader035.vdocuments.site/reader035/viewer/2022062520/56815b4a550346895dc929e4/html5/thumbnails/4.jpg)
http://www.apfn.org/enron/baxter2-1-02.jpg
![Page 5: Enron: 21,000 Arthur Anderson: 29,000 Retirement: $1.2 Billion Pensions: $2 Billion](https://reader035.vdocuments.site/reader035/viewer/2022062520/56815b4a550346895dc929e4/html5/thumbnails/5.jpg)
http://farm4.static.flickr.com/3081/2339748248_993ca4d166_o.gif
![Page 6: Enron: 21,000 Arthur Anderson: 29,000 Retirement: $1.2 Billion Pensions: $2 Billion](https://reader035.vdocuments.site/reader035/viewer/2022062520/56815b4a550346895dc929e4/html5/thumbnails/6.jpg)
Ken Lay• Founder• Humble Roots• “Kenny Boy”• Valhalla Scandal
http://www.soxfirst.com/wp-content/uploads/enron1.jpg
![Page 7: Enron: 21,000 Arthur Anderson: 29,000 Retirement: $1.2 Billion Pensions: $2 Billion](https://reader035.vdocuments.site/reader035/viewer/2022062520/56815b4a550346895dc929e4/html5/thumbnails/7.jpg)
![Page 8: Enron: 21,000 Arthur Anderson: 29,000 Retirement: $1.2 Billion Pensions: $2 Billion](https://reader035.vdocuments.site/reader035/viewer/2022062520/56815b4a550346895dc929e4/html5/thumbnails/8.jpg)
Lou Pai• CEO Energy Services and Xcelerator• Exotic Interest• Huge Losses
http://www.sfgate.com/examiner/pictures/1997/09/10/enronenergypailou.jpg
![Page 9: Enron: 21,000 Arthur Anderson: 29,000 Retirement: $1.2 Billion Pensions: $2 Billion](https://reader035.vdocuments.site/reader035/viewer/2022062520/56815b4a550346895dc929e4/html5/thumbnails/9.jpg)
![Page 10: Enron: 21,000 Arthur Anderson: 29,000 Retirement: $1.2 Billion Pensions: $2 Billion](https://reader035.vdocuments.site/reader035/viewer/2022062520/56815b4a550346895dc929e4/html5/thumbnails/10.jpg)
Andrew Fastow• CFO• Special Purpose Entities• Merrill Lynch Fraud• JEDI and Chewco
http://caraellison.files.wordpress.com/2009/05/andyfastow2.jpg?w=538
![Page 11: Enron: 21,000 Arthur Anderson: 29,000 Retirement: $1.2 Billion Pensions: $2 Billion](https://reader035.vdocuments.site/reader035/viewer/2022062520/56815b4a550346895dc929e4/html5/thumbnails/11.jpg)
![Page 12: Enron: 21,000 Arthur Anderson: 29,000 Retirement: $1.2 Billion Pensions: $2 Billion](https://reader035.vdocuments.site/reader035/viewer/2022062520/56815b4a550346895dc929e4/html5/thumbnails/12.jpg)
Jeff Skilling• President• Extreme Behavior• Mark-to-Market• Arthur Anderson• Performance Review Committee• “Enron Illusion”• Resign and Decline
http://ww2.hdnux.com/photos/04/32/57/1158093/3/628x471.jpg
![Page 13: Enron: 21,000 Arthur Anderson: 29,000 Retirement: $1.2 Billion Pensions: $2 Billion](https://reader035.vdocuments.site/reader035/viewer/2022062520/56815b4a550346895dc929e4/html5/thumbnails/13.jpg)
http://upload.wikimedia.org/wikipedia/en/thumb/e/ed/Bart_Simpson.svg/200px-Bart_Simpson.svg.png
![Page 14: Enron: 21,000 Arthur Anderson: 29,000 Retirement: $1.2 Billion Pensions: $2 Billion](https://reader035.vdocuments.site/reader035/viewer/2022062520/56815b4a550346895dc929e4/html5/thumbnails/14.jpg)
Corporate Governance• Tone at the Top• Culture• Code of Conduct• Performance Review Committee• “Hubris and greed instead of goals and aspirations…”
![Page 15: Enron: 21,000 Arthur Anderson: 29,000 Retirement: $1.2 Billion Pensions: $2 Billion](https://reader035.vdocuments.site/reader035/viewer/2022062520/56815b4a550346895dc929e4/html5/thumbnails/15.jpg)
Litigation• Fastow sentenced to reduced term of 10 years• Lou Pai got away with $250 million• Jeffrey Skilling was sentenced to 24 years in prison• Ken Lay died awaiting sentencing died in 2006
![Page 16: Enron: 21,000 Arthur Anderson: 29,000 Retirement: $1.2 Billion Pensions: $2 Billion](https://reader035.vdocuments.site/reader035/viewer/2022062520/56815b4a550346895dc929e4/html5/thumbnails/16.jpg)