Title: A Discussion With Andy Fastow, Former Cfo of Enron Corp
Date: Wednesday, March 9, 2022
Time:

12:00 pm ET
Location: Register Here.
Cost:

Free to NIRI San Francisco, Nor Cal and Silicon Valley members
Description:

Guest speaker, Mr. Andy Fastow, was the Chief Financial Officer of Enron Corp. from 1998 through 2001. In 2001, Enron filed for bankruptcy protection. As a result of the bankruptcy, $40 billion of shareholder wealth and retirement savings was destroyed, thousands of people lost their jobs, and many businesses and institutions in Houston and elsewhere were adversely affected. In 2004, Mr. Fastow pled guilty to two counts of securities fraud, and was sentenced to six years in federal prison.

Mr. Fastow is the only Enron executive that has taken full responsibility for his actions, and he has repeatedly and publicly expressed remorse. In addition to serving his prison sentence, Mr. Fastow forfeited far more money than he ever earned at Enron. He is credited with being the individual most responsible for helping to recover $6 billion for Enron shareholders.

Mr. Fastow has been invited to speak at schools such as Harvard, Stanford, Rice, University of Texas, University of Houston, Dartmouth, Tufts, and USC. He was the keynote speaker at the United Nations conference on responsible business practices, at the FBI's Advanced White Collar Financial Crimes conference to train agents, the Association of Certified Fraud Examiners and the American Accounting Association annual conferences, the Financial Times' Outstanding Directors conference, and to many other groups and businesses around the world. Mr. Fastow lives with his family in Houston, Texas, and currently serves as a Principal with KeenCorp, an artificial intelligence software firm, and he consults with Non-executive Directors, Management, Hedge Funds, and Auditors, in order to identify potentially critical finance, accounting, compensation, and cultural issues.

Mr. Fastow will talk about business ethics, how the ambiguity and complexity of laws and regulations breeds opportunity for problematic decisions, and how technology can be used to potentially illuminate such opportunities.

Hosted by NIRI Virtual Chapter and supported by the NIRI San Francisco, Nor Cal and Silicon Valley chapters.

 

Back