The Troost Annual Leadership Event is presented by Ivey’s Ian O. Ihnatowycz Institute for Leadership and made possible by a generous donation from Kathleen and Bill Troost, MBA ’75.
In April 2016, students heard from former Enron CFO, Andy Fastow, via webcast. Mr. Fastow spoke to Ivey HBA1 students about his career with Enron, how Enron and his personal career derailed and what he learned both personally and professionally. In 2002, Mr. Fastow was indicted on 78 counts including fraud, money laundering and conspiracy. Two years later he pleaded guilty to two counts of wire and securities fraud and struck a deal with federal authorities to become an informant of other former Enron executives in exchange for a reduced sentence. His presentation focused on the distinction between legal and ethical decisions in the gray areas of laws, regulations and rules.
Mr. Fastow took full accountability for his actions and has acknowledged on many occasions that he caused immeasurable damage. He acknowledged that he tries, “by doing these presentations, especially by meeting with students or directors, to help them understand why I did the things I did, how I went down that path, and how they might think about things so they also don’t make the mistakes I made.”
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