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enron :: discover the power of WHY (2001)

enroncorp.com

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Re: enron :: discover the power of WHY (2001)

#11
After the dotcom crash I looked for some safe haven outside of the industry, and found a landing place at a global fiber optics networking division of an energy trading company called Dynegy. Sounded safe!

A month after joining they backed out of their planned buyout of their largest competitor Enron. Apparently this Enron thing was cooking their books.

Enron sued Dynegy, Dynegy countersued, and started laying people off. They decided that the fiber business wasn’t worth preserving since there were about a dozen such networks and not the demand to accommodate more than one.

Over my 11 months in of employment there I had 9 different managers and was finally one of the last 4 people keeping the lights on in the 500 person global HQ.

It was a weird time. For several months I kept the perp walk photo of Jeff Skilling in handcuffs as my desktop background. It was cathartic.

Re: enron :: discover the power of WHY (2001)

#13
Enron...sigh.

I went to college near Houston (Texas A&M) and interviewed with Enron in early-mid November, 2001 prior to December graduation. Given the timing, I believe it may have been the very last interview loop they did.

For a soon-to-graduated Comp Sci student, Enron put on an amazing presentation. The interview was onsite at Enron headquarters. They took the candidates to dinner one evening, put us up in a nice hotel, and spent all day the next day grilling us in panel interviews, having us work individual problems, and challenging groups of interviewees with team problems. It was calculated, thorough, and to this day it's the most comprehensive and satisfying interview experience I've ever had. Driving home, I knew they had successfully sifted our group to identify who the best candidates were.

The job market was also really tough in late 2001, with the dotcom bust and 9/11 making it challenging to find good opportunities. If memory serves, some of the other options I was considering at the time were to write PowerBuilder for an old-school oil company and maintain Fortran for a small, decades-old engineering firm. Enron, in comparison, seemed like a godsend.

Enron was opulent. Enron paid well. The software people seemed genuinely interested in what they were doing. Everyone seemed smart and ambitious. We were shown one room that was an open workspace and each desk had a pair of flat panel monitors (this was three years before I bought the first flat panel for my home PC and years before I had two screens at home). Enron was as sexy to a software professional as any workplace in the world in its time.

I knew there was some drama surrounding the company, but I was generally oblivious to the details. I was overwhelmed with a 16-hour course load, a student job slinging C++ for a local consultancy, and a job search. While onsite, a few better-informed candidates asked some of the employees about the brewing scandals. The Enron folks shrugged it off. They believed in the company and believed in the work they were doing.

I had a great interview and left really excited. A week later I got a call from their recruiter and was told they liked me and an offer was incoming. I was stoked. Then, silence. Maybe the Thanksgiving holidays were the reason for the delay, I thought. In another week or two, the Enron collapse was headline news. Every single Enron employee I had interacted with was out of a job, and the prospect of thousands of Enron employees hitting the market simultaneously made my job search even tougher.

Enron provided me and my fellow interviewees some SWAG while we were there. I had a hat, a clear plastic mug, and a few other items. I sold them for a dollar at a garage sale a few years later.

Re: enron :: discover the power of WHY (2001)

#14

After the dotcom crash I looked for some safe haven outside of the industry, and found a landing place at a global fiber optics networking division of an energy trading company called Dynegy. Sounded safe! A month after joining they backed out of their planned buyout of their largest competitor Enron. Apparently this Enron thing was cooking their books. Enron sued Dynegy, Dynegy countersued, and started laying people…

You might have fun poking around their mail archive:

http://www.enron-mail.com/email/maggi-m/inbox/Enron_Dynegy_M...

> In addition, all information, documents and communications related to the merger between Enron and Dynegy should be coordinated through and approved by Mark Muller, Lance Schuler, Robert Eickenroht, Mark Haedicke, Rob Walls or Greg Whalley of Enron. It is absolutely critical that this procedure be maintained. To the extent that information is required to be disclosed to Dynegy under the merger agreement, then such disclosure should be approved by one of the foregoing individuals.

Most of the “foregoing individuals” are missing from the archive, but not all:

http://www.enron-mail.com/email/haedicke-m/

Re: enron :: discover the power of WHY (2001)

#16
post #8

Eeeeyeah. When I'm applying for a job, if I go to their corporate site and their about us page reads like the KPMG anthem, or Weird Al's "Mission Statement", it's a huge red flag or at least it prompts followup questions. (Most annoying is when I ask the crooter followup questions and get "Did you check out their web site?" as a response. Yes, I did, and it told me nothing. Did you?) Based on that, we should've seen…

Weird Al’s “mission statement” was released in 2014 and was itself a parody of the KPMG anthem (which was done in earnest) that was leaked less than a year prior to Enron failing. There would likely have not been any collective cultural sentiment around this text in the year 2000 in the same way as there is today.

Just something to keep in mind when viewing historical events, even if they seem recent, with a modern lens and values.

Re: enron :: discover the power of WHY (2001)

#18

Enron... sigh . I went to college near Houston (Texas A&M) and interviewed with Enron in early-mid November, 2001 prior to December graduation. Given the timing, I believe it may have been the very last interview loop they did. For a soon-to-graduated Comp Sci student, Enron put on an amazing presentation. The interview was onsite at Enron headquarters. They took the candidates to dinner one evening, put us up in a n…

Thanks for sharing; Enron's downfall is fascinating to me (honestly not sure why) and I appreciated this perspective on it.
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