Andrew S. Fastow
Enron's Chief Financial Officer who architected the off-balance-sheet fraud that destroyed the company, personally enriching himself by more than $30 million before pleading guilty and receiving a six-year prison sentence.
Ljm
11 entries
A
C
Credit Derivatives
Enron's credit derivatives trading operation, launched on EnronOnline in early 2000, offered simplified bankruptcy protection products across multiple jurisdictions and intersected with the company's SPE structures through LJM credit risk modeling.
E
Enron Research Group
Enron's quantitative research division led by Vince Kaminski, employing approximately 50 PhD-level analysts who specialized in derivatives pricing, risk modeling, and financial engineering from 1992-2002.
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J. Clifford Baxter
Enron Vice Chairman and Chief Strategy Officer who voiced internal objections to the company's controversial partnerships before his death in January 2002
Jeff McMahon
Enron CFO who replaced Andrew Fastow in October 2001, known for raising early concerns about LJM partnership conflicts
L
Legal Department
Enron's in-house legal team led by General Counsel James V. Derrick Jr., responsible for corporate transactions, regulatory compliance, litigation, and the complex structured finance work that became central to the company's collapse.
P
Powers Report
The 213-page investigation by Enron's Special Committee that documented systematic accounting fraud, executive self-enrichment, and board oversight failures, becoming the foundation for criminal prosecutions and the Sarbanes-Oxley Act.
R
Raptor Special Purpose Entities
A series of four special purpose entities that used circular hedging with Enron's own stock, ultimately contributing $710 million in losses and precipitating the company's collapse.
Risk Management at Enron
Enron's bifurcated risk management system comprised RAC under Chief Risk Officer Rick Buy and the Research Group under Vince Kaminski, employing world-class quantitative talent that ultimately failed to prevent the company's collapse.
S
Sherron Watkins
Vice President of Corporate Development at Enron who warned CEO Ken Lay of accounting fraud in August 2001 and became known as the 'Enron Whistleblower.'
Special Purpose Entities at Enron
A comprehensive examination of the off-balance-sheet financing vehicles that enabled Enron to hide billions in debt and manipulate its financial statements, ultimately precipitating the company's collapse.