BOULDER, Colo. (AP) — Former Enron Corp. executive Andrew Fastow, who served a six-year sentence after admitting to schemes that hid company debt and inflated profits, says following the rules isn't enough.
Fastow was sentenced in 2006 after pleading guilty to two counts of conspiracy. He surrendered nearly $30 million in cash and property.
At an appearance Monday at the University of Colorado-Boulder, Fastow said he initially thought he wasn't guilty because he had followed the rules but later realized he had "used the rules to subvert the rules." He says he should've asked not, "what is the rule," but, "what is the principle."
The Denver Post reports (http://bit.ly/GC9cm2 ) Fastow asked if he could speak to CU students after reading a column by faculty about the need for deeper ethics training in business schools.
Information from: The Denver Post, http://www.denverpost.com