FATHER
Smartest Guys
Broken Trust
Executives
7 Habits
100

Represents the F in FATHER acronym.

What is FAIRNESS

100
JP Morgan Chase, Merrill Lynch, Citibank, Credit Suisse First Boston
Who are Enron's banks?
100
On Dec 2nd, 2001 this company filed the largest bankruptcy in US history.
What is Enron?
100
Shredded documents for Enron and was disolved shortly after.
What is Arthur Anderson
100

This is the habit that focuses on advancing yourself and making sure your craft is polished and as sharp as possible so you succeed and lead others to success

What is the 7th habit, sharpening your saw?

200

This simply means holding people to a standard and establishing consequences if people fail to perform

What is the A in FATHER acronym, ACCOUNTABILITY?

200
The ability to book profits before plants, investments, and contracts begin operating based on models and assumptions of values, not cash inflow.
What is Mark-to-Market Accounting?
200
This accounting firm failed to report Enron’s various accounting regularities.
What is Arthur Andersen?
200
Had the concept of Mark-to-Market accounting.
Who is Jeff Skilling
200

Is often misconstrued by managers because they like to create situation where they are benefited the most and the business follows suite.  If the employee happens to benefit that is ok, but this is not the intention of the habit, the intention is for the employee to benefit just as equally.

What is Win-Win, or the 4th habit?

300

These two letters in FATHER go together always and it is hard to have one without the other.

What it T and H, Trust and Honest?

300
SPE private equity funds, nick named “Friend of Enron,” set up and managed by Andrew Fastow to raise cash from institutional investors to provide independent equity for Enron deals and hedges Enron’s investments.
What is LJM or What are Raptors?
300
This bank estimated that the Enron Bankruptcy costs it $2.6B due to losses on investments and loans.
Who is JP Morgan?
300

Was Jeff Skillings first hire at Enron and he became the pioneer of the RAPTORS.

Who is Andy Fastow?

300

You will never get ahead and be accepted if you are not willing to ask the questions.  This is the guiding principle of this habit.

What is the 5th habit, seek to understand first, before seeking to be understood?

400

this is also the #1 rule in Mr. Kincheloe's classroom.

What is R, RESPECT!!???

400
Policy lobbied for by Enron resulting in set electricity prices through auctions, but manipulated by the company to export electricity and create shortages, and importing back in at higher prices.
What is Deregulation of California’s energy market?
400
This employee approached Ken Lay with concerns that Enron could implode due to accounting scandals.
Who is Sharon Watkins?
400

This man prided himself off or creating an environment that had people stepping on each others throats to succeed.


Who is Jeff Skilling?

400

This habit allows you to act first, do not sit around and wait for things to happen, you must get up and make them happen for your self.  

What is the 1st habit, BE PROACTIVE?

500

Are the six words that make up the Acronym FATHER.


What is Fairness

            Accountability

            Trust

            Honor

            Equality

            Respect

500
Profit sharing acts committed by Enron traders Borget and Mastroeni, involving movement of profits between years to “steadily increase earnings,” diverting profits to personal accounts, sham trades, and keeping two sets of books.
What was the Valhalla scandal?
500
The percentage of analysts that were still rating Enron a buy or a hold on Dec. 1, 2001.
What is 70%?
500

Was the regulation created that mirrored the practices of Enron after the crash of 2001.

What is the Sarbanes-Oxley Act?

500

These two habits have to go in order, failure to do so can get you mixed up.  Remember the one requires you to build it twice, in your imagination, and in reality.  This will yield success.  

Who is habits 2 and 3, beginning with the end in mind and putting first things, first?

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