Day+25-26+Enron+II+25-27+Oct+2010

Day+25-26+Enron+II+25-27+Oct+2010 - Enron II: The Enron...

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Click to edit Master subtitle style 2/4/11 Enron II: The Enron Model of Making Money 1. ECT vs. EI 2. Securitization 3. Working in a Deal-Making Culture 4. Everybody loves Enron (Wall Street, revisited)
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2/4/11 Recap Orientation toward Wall Street: earnings and profits as a means to an end rather than the ends themselves The Gas Bank: transforming the company’s business model, reducing dependence on managing the substantial physical assets of an
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2/4/11 Enron International Building power plants in the developing world Where possible, don’t use your own money! Overseas Private Investment Corporation (OPIC) and the Export-
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2/4/11 What is SECURITIZATION? Enron loans loads of money to struggling producers (to get access to supplies of oil & natural gas in the future) In addition to the oil & gas, Enron will eventually be repaid these loans — but that’s years down the road
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2/4/11 Deal-Making Culture Skilling/ECT: a Hobbesian world
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Day+25-26+Enron+II+25-27+Oct+2010 - Enron II: The Enron...

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