SMG SM 131 Lecture Notes - Lecture 12: Price Controls, Andrew Fastow, Gray Davis
Document Summary
How much money in retirement funds were lost by enron employees when. Government help secure billions in government subsidies for enron international. And helped lay to become the deregulation"s ambassador-at- large. Through a merger of vast networks of natural gas pipelines, enron can take the advantage of government"s decision to let gas prices float with the current market. In 1987 two oil traders made bets for enron. Borget and mastroeni presented falsified bank records to enron. Then they had admitted they had diverted company profits to personal accounts. The scandal was the only part of the combined company to make money and he could not kill the golden goose. He needs a well orchestrated pr campaign beforehand to pave the way so that there is no questions. He believes that they can turn of in the future. To help ken lay make money and wanted someone bright with radical ideas. Jeff skilling can come up with big idea.