LJM, every mention
16 scenes · ← back to LJM
tap a year for its mentions
every year anyone David Rosenthal 11Ben Gilbert 5
Verbatim, from the transcripts: the passages where LJM comes up
Enron · Acquired
- ▶ 0:06 David Rosenthal It's like LJM.
- ▶ 0:09 David Rosenthal You know what LJM stands for, right?
- ▶ 1:20:29 David Rosenthal The real kicker, you were joking about this before the episode, and that should have told everybody where his real incentive lies, he decides to name the suite of funds LJM Capital.
- ▶ 1:20:41 David Rosenthal What does LJM stand for?
- ▶ 1:22:50 David Rosenthal You know, LJM, we know who number one is here.
- ▶ 1:23:15 David Rosenthal He is the head of corporate development, who would be the person charged with negotiating the Enron side of the table against the outside investors, the LJM.
- ▶ 1:24:32 David Rosenthal Fasto is still CFO plus head of corp dev plus running these LJM funds, unrelated funds.
- ▶ 1:25:11 Ben Gilbert Especially late in the game here, because people could figure out that he was getting rich on these LJM structures.
- ▶ 1:29:25 David Rosenthal So now, flash forward, back to when Andy is once again taking one for the team and selling off his general partner membership in the LJM funds.
- ▶ 1:29:56 Ben Gilbert I'm foregoing this whole grand idea I had around all these economics from the LJM partnerships.
- ▶ 1:48:29 Ben Gilbert I think that is really what started to come out is, I mean, Fastow went five years without having to disclose how much compensation he was getting from the LJM partnerships.
- ▶ 2:06:34 Ben Gilbert And Fastow actually makes sixty million dollars from the LJM partnerships, from fees, carry, and selling partnership interests.
- ▶ 2:06:41 Ben Gilbert So he actually makes more from the LJMs
- ▶ 2:11:02 David Rosenthal Look, what's going on has reached such a crazy pitch, and all these LJM transactions that are happening, and everything finance is doing, and all these off-books entities.
- ▶ 2:14:06 David Rosenthal The Wall Street Journal starts running stories about LJM,
- ▶ 2:19:48 David Rosenthal The next day, the 23rd, is when the board calls in Fastow and demands to know how much money he's made in the LGM funds.