Topic > Essay on the Enron Scandal - 682

Alex SerdioukAndrew Fastow, Enron ScandalThe Enron scandal is one of the largest scandals to have taken place in American history. Enron was once one of the largest companies in the world. It was the sixth largest energy company in the world. Due to the collapse of Enron, the company's investors lost nearly $70 billion. All this was due to many illegal activities carried out by Eron employees. One of these employees was Andrew Fastow, the chief financial officer of the Enron company who had a lot to do with the collapse of the Enron company. Andrew Fastow was born on December 22, 1961 in Washington D.C. He grew up in New Providence, New Jersey. Andrew was the second son of Carl and Joan Fastow who worked in merchandising. They were a typical middle-class Jewish family. Andrew participated in many school activities at New Providence High School, where he graduated. He was in student government, played in the band and played on the tennis team. He also took part in the board of education. Andrew was very well educated in economics and government. He earned his bachelor's degree in economics from Tufts University, where he also met Lea Weingarten. Andrew Fastow married Lea Weingarten in 1984. A few years after graduating from Tufts University, they both went to Northwestern University where they earned MBA degrees. They soon found work at the Continental Illinois National Bank And Trust Company in Chicago. Andrew was a very intelligent and well educated person and that is why the Enron scandal occurred. Andrew was hired to work at Enron in 1990 by Jeffrey Skilling because of his outstanding work at Continental. After 8 years Andrew held a very important position in Enron. He was appointed chief financial officer of ...... middle of paper ......ft. He responded by saying it was nobody's business. People believe that Andrew Fastow and the other Enron employees got off too lightly. They still have a lot of money left. Bibliography "Enron Fast Facts." CNN. Cable News Network, January 1, 1970. Web. April 6, 2014. Murphy, Kate and Alexei Barrionuevo. "Fastow sentenced to 6 years." The New York Times. The New York Times, September 26, 2006. Web. April 6, 2014. “Fastow: Enron Didn't Have to Go Bankrupt.” CNBC.com. Np, nd Web. 06 Apr. 2014. “Andrew Fastow References Enron Failure in Ethics Talk at CU.” - The Denver Post. Np, nd Web. 06 April 2014. Meglio, Francesca Di. "Enron's Andrew Fastow: The Mistakes I Made." Bloomberg Business Week. Bloomberg, March 22, 2012. Web. April 6, 2014. “Andrew Fastow Biography.” Bio.com. A&E NetworksTelevision and Web. 06 April. 2014.