John Emshwiller
speaker
265 appearances
1 recordings
1 series
first heard Oct 2021
last heard Oct 2021
John Emshwiller’s voice in public audio — every appearance, attributed to the second.
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Appearances
It fell by half during his six months as CEO.
And if it hadn't fallen, he said...
he probably would have stayed.
Skilling declined to be interviewed for this podcast, but his admission on the phone that day in 2001 certainly caught my attention.
This wasn't a canned response.
I thought, hey, I've got a scoop here.
I wrote him a quick story for the paper.
But the interview and Skilling's almost confessional tone about the stock price just kept bouncing around in my head.
Sure, lots of executives see their stock price and quarterly returns as a personal report card.
In 2001 was a generally bad year for the stock market.
It was right after the dot-com bubble had burst.
A lot of CEOs weren't thrilled, but they weren't all quitting en masse.
Enron stock had long been considered a good bet, one that was likely to outperform the broader market.
The price could rebound.
That's why skilling bringing up the stock price drop made the whole resignation feel more suspicious.
It made me think there might be bigger problems inside of Enron.
That the captain might be abandoning a sinking ship.
Earlier in 2001, Enron's stock price had been $80 a share.
By August, it was $40.
Now, Skilling had suddenly quit.
Showing 121–140 of 265 · page 7 of 14
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