Word: fastows
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Dates: during 2000-2009
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...became involved in a number of complicated business deals which hid Enron debt from its investors and benefited Fastow financially...
...Andrew Fastow, the former chief financial officer of Enron set up and was the manging partner of LJM, named for the initials of his wife and children...
...board made a reasonable business judgment to permit Mr. Fastow to serve in these partnerships,” Winokur said yesterday. “We believed those transactions would be in the best interest of Enron and its shareholders... I must therefore respectfully disagree with some aspects of the report relating to the board’s performance and corporate governance principles...
...complete enough. Louisiana Republican Billy Tauzin's committee led off with four people that Skilling, trying to keep the cloud below him on the executive chain, would later have no problem remembering - Andrew Fastow, Michael Kopper, Richard Buy and Richard Causey. The four men, in turn, had no problem taking the Fifth Amendment and quickly departed. Then Tauzin brought out its heroes, former company Treasurer Andrew McMahon and former in-house lawyer Jordan Mintz. Both said they went to Skilling with their concerns about the shady partnerships - and to get his approval on them - and Skilling reportedly gave them...
...blame? Everybody else. Mintz and McMahon nudged the cloud upward toward Skilling (and Lay, and Buy and Causey and Kopper and Fastow). Robert Jaedicke and Herbert Winokur, two Enron board members trying to explain why they missed the whole thing, did likewise, throwing in Arthur Andersen and law firm Vinson & Elkins. Said Winokur: "It appears outside experts...failed us." Officials at both Arthur Andersen and Enron, added Jaedicke, "did not fulfill their duty...