Can someone explain Jeff Skilling to me?

A couple weeks ago I did another dive into Enron's bull shite and the thing that always confuses me is this: Jeff Skilling thought of himself as this genius-level guy who was doing big things and changing the world" or whatever. However, he also was cooking books (via Andy Fastow) to keep the stock price high because, and here is the kicker, most of his plans were utter failures.

So, on the one hand, it's easy to understand from a normal human perspective why he'd participate/push the fraud. Nobody wants their house of cards to tumble, especially when you had billions on the line if you could somehow finally get on track.

However, on the other hand, he was an incredibly arrogant person who (1) wasn't dumb and (2) truly believed in the concept of the strong surviving. As a person who has real parts of his inner being identifying with both, I cannot understand how he lasted so long living as the failure that he had to know he was.

4 Comments
 

I imagine it's pretty easy to live with yourself (in the moment) despite those aforementioned transgressions if you're fucking loaded to the tits with cash and accolades man.

 
Most Helpful

Recusandae dolore et praesentium reprehenderit sapiente aspernatur. Ut cupiditate fuga ex similique qui reiciendis. Placeat animi autem ipsa maiores laboriosam atque. Ipsum officia omnis et doloribus molestias illo minus. Accusamus est quam distinctio dignissimos error quibusdam ea rem. Aut ea sint sit nam tenetur. Qui iusto autem dolorem repellendus.

Asperiores autem nobis molestiae et quasi aut. Enim error explicabo molestias nihil et eos. Harum et et consequuntur suscipit provident. Iusto aut pariatur quo numquam excepturi sunt. Eius quas eaque eaque delectus occaecati corporis nisi ex. Accusantium possimus voluptas accusamus officiis dolores.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
dosk17's picture
dosk17
98.9
7
CompBanker's picture
CompBanker
98.9
8
DrApeman's picture
DrApeman
98.9
9
GameTheory's picture
GameTheory
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”