Former Enron CFO Gives Ethics Speech

Andrew Fastow (photo from Time)

Andrew Fastow, the former Enron CFO convicted of securities fraud, recently gave a speech at the University of Colorado-Boulder on business ethics. As reported in the Denver Post, Fastow talked frankly about how easy "playing by the rules" became transformed into scheming to circumvent the law's spirit while upholding its letter. The consequences for Fastow, Enron, and sucker retail investors was nothing short of disastrous.

Interestingly, Fastow sought the opportunity to speak publicly on the topic. Meanwhile, the financial pirates who literally and figuratively brought down the house in 2007-2008 remain aloof from the calamity they helped engineer.