Ethics Talk with ex-Enron CFO Andy Fastow
In this Ethics Talk we discuss with Andy Fastow, who was the Chief Financial Officer of Enron Corp. from 1998 – 2001 and has in the public eye been portrayed as one of the main players in the Enron scandal. In 2004, he pled guilty to two counts of securities fraud, and was sentenced to six years in federal prison. Since his release, Fastow has been a top guest keynote speaker at universities and corporations speaking on corporate culture.
Enron led to major reforms within our profession, such as a requirement for formalized internal controls and more transparency, Even if it happened 20 years ago, we still keep on studying and learning from the case. And despite more regulation and more efforts put into compliance, scandals still keep happening.