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Criminalizing capitalism: Sarbanes-Oxley and the latest crisis
in Sox First, on February 15, 2008
...than it actually was and that the blame for its collapse falls exclusively on Lay, Skilling, Andrew Fastow and one or two other henchmen. The most interesting part of her piece is her observation aro...
Was Ken Lay a typical CEO?
in Sox First, on September 18, 2007
... dubious transactions. Lay, for example, met only four times with the chief financial officer Andy Fastow, who was responsible for many of those partnerships that brought about the company's coll...
Deja vu with Blackstone's Enron-style accounting
in Sox First, on April 20, 2007
...sing mark to market and a string of other accounting tricks, Jeff Skilling and executives like Andy Fastow were able to constantly report growth in their quarterly results. It was a system that turned...
Enron sentence roundup
in Sox First, on November 18, 2006
...avoid trial. Still, it's six months less than the company's chief financial officer Andrew Fastow. And nowhere near the 24 years-plus sentence handed down to Enron's former chief executiv...
Skilling's day approaches
in Sox First, on October 21, 2006
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Ken Lay's conviction has been wiped, Andrew Fastow has won a reduced sentence and on Monday, it's Jeff Skilling's turn to face the judge. Commentators are expecting that unlike Lay an...
Ken Lay cleared, not his legacy
in Sox First, on October 18, 2006
As expected, Judge Sim Lake has wiped the conspiracy and fraud convictions of Enron founder Ken Lay, report the news wires . The reason: Ken Lay died before he could appeal which means his conviction must be vacated, according to US law. In other words, Ken Lay is not guilty of a fraud that wi...
Fastow's sentence: the response
in Sox First, on September 30, 2006
...he response to the surprisingly lighter six year sentence imposed on former Enron CFO Andrew Fastow. Some days on, people are still trying to work it out, reports the Houston Chronicle . Whe...
Skilling and Fastow: different paths to D-Day
in Sox First, on September 25, 2006
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Former Enron chief executive officer Jeffrey Skilling and chief financial officer Andy Fastow are moving in very different directions in the image they are presenting to the court at sentencing ...
Lies, damn lies and Enron
in Sox First, on March 9, 2006
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It was a sensational day with disgraced numbers man Andrew Fastow's testimony that Ken Lay knew all about Enron's troubles, pointing to a conspiracy to defraud investors. Fastow told th...
The death of the CFO superstar: The Fastow Legacy
in Sox First, on March 7, 2006
... that long ago that CFOs were treated like rockstars. But with Enron's former go-to man Andrew Fastow taking the stand this week , the Washington Post reminds us that that era is over. It also...
I was a victim, says Enron chief: The response
in Sox First, on December 15, 2005
...ve of terror" by prosecutors and that his only fault was trusting the company's CFO Andrew Fastow too much. Chutzpah, says floridatoday.com. One from the playbook of one-time HealthSouth c...