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Press Release

FORMER ENRON EXECUTIVE TO SPEAK AT UNM

November 19, 2014

(Albuquerque, NM) The Daniels Fund Ethics Initiative at the University of New Mexico is pleased to announce the third NASBA Center for the Public Trust speaker this semester. On Monday, November 24 former Enron Executive Andrew Fastow will join a group of students and business leaders to talk about "Rules versus Principles".

Andy Fastow In doing select speaking engagements since his release from prison several years ago, Mr. Fastow recognizes the importance of principles in establishing an ethical organizational culture and curbing misconduct. Despite today's more regulated and enlightened business environment, we continue to witness "Enron-esque" failures of corporate governance. Mr. Fastow, Enron's former CFO, will make observations about how the ambiguity and complexity of laws and regulations breeds opportunity for problematic decisions and will discuss what questions corporate directors, management, attorneys, and accountants should ask in order to ensure that their companies not only follow the rules, but uphold the principles behind them.

Join us on Monday, November 24, 2014 from 4:30 - 5:30 p.m. for his talk followed by Q&A from 5:30 - 6:00 p.m. in the UNM Anthropology Lecture Hall. RSVPs are required by emailing Jennifer Sawayda at jsawayda@gmail.com and space is limited. For additional information contact Dr. Linda Ferrell at lferrell@unm.edu.

Mr. Fastow was the Chief Financial Officer of Enron Corp. from 1998 2001. In 2004, he pled guilty to two counts of securities fraud, and was sentenced to six years in federal prison. He completed his sentence in 2011, and now lives with his family in Houston, Texas. Mr. Fastow currently provides litigation support at a law firm, and he consults with Directors and management of public companies on how best to identify potentially critical finance, accounting, compensation, and cultural issues.

Mr. Fastow received a BA in Economics and Chinese from Tufts University and an MBA in Finance from the Kellogg Graduate School of Management at Northwestern University. Prior to joining Enron, he was a Senior Director in the Asset Securitization Group at Continental Bank N.A.

The Daniels Fund Ethics Initiative at UNM is part of an eight school consortium supporting principle based business ethics education including the University of Wyoming, University of Utah, University of Denver, Colorado State University, University of Colorado-Colorado Spring, University of Northern Colorado, and New Mexico State University. The Daniels Fund specifically provides $1.25 million to UNM for 5 years of funding for business ethics education.

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The Anderson School of Management at the University of New Mexico is dedicated to excellence in professional management education. At the Anderson School, faculty, staff, and students are committed to shaping the intellect and character of the next generation of business leaders, advancing the knowledge and practice of management, promoting economic development, and building a vibrant intellectual community that serves the highest and best interests of all our stakeholders.

The School was founded in 1947 and now offers more than a dozen concentrations at the BBA and MBA levels and is accredited by the Association to Advance Collegiate Schools of Business in the top 20% of business schools in the nation. The School is funded by the State of New Mexico and further support is generated by The Anderson School of Management Foundation. For more information, the public can visit www.mgt.unm.edu, email info@mgt.unm.edu, or call (505) 277-6471.

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