What Fabrice Tourre of Goldman Sachs and Jeffrey Skilling of Enron have in common.

Tuesday, April 20, 2010

Fabrice Tourre

Jeffrey Skilling

If we look carefully, I think that there are key features that record breaking financial scammers have in common. I have decided to correlate the attributes Mr. Fabrice Tourre shares with Mr. Jeffrey Skilling of memorable Enron. I hope this will be useful to Human Resources Managers and investors.

They both have questionable nicknames
Fabrice Tourre called himself the “Fabulous Fab” and Jeffrey Skilling said he was “Fucking Smart”

They both earn their advanced degrees from prestigious universities
Fabrice Tourre is a graduate of Stanford University while Jeffrey Skilling had his MBA from Harvard Business School.

Both Tourre and Skilling do not have professional designation such as Certified Public Accountant, Certified Financial Planner (CFP), Certified Financial Manager (CFM) e.t.c
Neither Fabrice Tourre nor Jeffrey Skilling has a professional license in business, accounting or finance. They were not business and finance majors in their undergraduate degrees. Both Fabrice Tourre and Jeffrey Skilling had science background. Mr. Tourre studied mathematics at École central Paris while Skilling received his B.S. in applied science at Southern Methodist University.

They both worked for financial institutions.
Mr. Jeffrey Skilling started his career as an analyst for First City Bancorporation of Texas in Houston while Fabrice Tourre works for Goldman Sachs.

They were rapidly promoted to the top level of management

They both violated the tenets of corporate ethics

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