Browse posts tag by CFO

Two Lessons To Take From the Enron Debacle

Just about everyone was fooled by the company’s shiny, polished exterior. But with the business now in ruins, a few points are worth noting. Just over a year ago, I had breakfast with Jeff Skilling, president and CEO-designate of Enron (ENE). The occasion was a Fortune magazine conference celebrating America’s most admired companies. Enron was ranked high on that list, and Skilling had come to share some of the company’s secrets for managing people. What a

Rethinking Venture Capital

Big changes in the VC world could open up whole new career opportunities for those looking to break into finance. Q: Venture Capital firms are no doubt in trouble, but when they emerge from this period they’ll be ready to make new deals. Only next time around “old-school” due diligence, which is very labor-intensive, will rule the day. This will undoubtedly force VCs to hire new staff and make their structures more corporate. Do you agree?