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Ken Lay, Chairman and CEO • Big picture; optimistic; tended to avoid controversy “ Ken gravitates toward good news” Jeffrey Skilling, President • Proponent of big ideas; less interested in details “ Skilling is a designer of ditches, not a digger of ditches.” Andrew Fastow, CFO • Ambitious; unwilling to let the rules get in the way “ I don’t know that he ever had a moral compass”

• Enron Corp (Houston, TX) .Enron Oil (Valhalla, NY) Enron Oil chiefs involved in irregularities – Lay imposed weak sanctions; allowed execs to continue Enron Oil faced devastating exposure – Division head, CFO had siphoned off money; both fired – Lay surprised both by losses and impropriety

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Presented By : Vartika Gupta Shelley Sharma Syed Sibtain Omar Fahmeed

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