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
