SMG SM 131 Lecture Notes - Lecture 6: Making Money, Andrew Fastow, Bush Family

• School: Boston University
• Department: School of Management
• Course: SMG SM 131
• Professor: Phyllis Mc Ginnis

Document Summary

Through the de-regulation of gas prices caused ken lay to start enron. Bush sr. helped enron score billions of dollars in subsidiaries and promote lay for de-regulation. It let the gas prices float through the currents of the markets. They were making enron money and that was all that mattered to lay. Scandal where two trading partners gambled on if the enron stock would rise or fall and they ended up winning a lot and put the money in their own off-shore accounts. He didn"t do anything and encouraged them to gamble more because it was making money for the company. And he would rather make money than discipline his workers. Lay thought he was a visionary and had good ideas. To find a new way to deliver energy and created a stock market for gas. They realized his confidence and that created their confidence for big ideas in the workplace.