Andrew Fastow

“McMahon learns that not only did Fastow not know how much debt Enron as an organization had, he also didn't know how much cash they had, and he also didn't know the maturity schedule of the debt, so he didn't know And thus, nobody in finance knew the company t…”

“So when skilling gets elevated to number two and fast out to CFO the company, they start articulating as the company strategy that the finance department is going to go from being this shared resource cost center to a profit generating division of the company.”

“All told, I think Lay sells about three hundred million dollars worth of Enron stock via these transactions. Skilling sells about two hundred million, and Fastow and a bunch of the other executives sell a whole bunch too.”

“So he comes back to Lay and the board and says, our actual obligations are thirty four billion dollars, which the debt on the balance sheet was 12.8 billion dollars.”

“And Fastow actually makes sixty million dollars from the LJM partnerships, from fees, carry, and selling partnership interests. So he actually makes more from the LJMs Than I think he does in total comp at Enron ever.”

“There are documents that surface that have a variety of signatures on them, but not skillings. He very intentionally was like I'm not actually gonna sign off on this, but it's kind of good for Enron that it happens, so I'm gonna let it keep happening.”

“What does LJM stand for? It stands for Leah, Jeffrey, and Matthew, which are the names of his wife and kids.”