Enron But Not Forgotten
Being a former Enron employee doesn't necessarily leave you out in the cold in the business community--not for entrepreneurs with the guts to restake their names on ventures of their own.
A former computer programmer develops an underground sprinkler
system that makes it easier for suburbanites to water their lawns.
An ex-CFO finds success designing high-end stationery for people
who still enjoy writing letters by hand. A one-time broadband
salesman partners with a friend to form an investment banking firm.
A former marketing executive decides to open an interactive arcade.
An ex-Enron sales lead starts a retail energy company.
These are just a handful of the businesses former employees of
Enron Corp. have formed since the high-flying energy company
imploded in a wave of accounting scandals in October 2001. And if
there is one thing the entrepreneurs learned during their tenure at
the infamous Houston-based company, it's to think outside the
box.
Enron hired the best of the brightest--the top graduates from
the most prestigious business schools--and fostered an
entrepreneurial work ethic during its heyday. Great ideas, such as
creating a market to trade weather derivatives, were quickly turned
into businesses run by the employees who dreamed up the
concepts.
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Some former employees admit that when Enron collapsed, they
found it difficult to land similar jobs at other companies because
the scandal left them tainted. People in the corporate sector did
not want to associate with people who may or may not have played a
role in Enron's financial shenanigans.
Other ex-employees say Enron's demise created opportunities
to fulfill lifelong dreams of starting businesses from the ground
up. In that respect, working for Enron--known for its cutthroat
competitive environment--gave these former employees the confidence
to be their own bosses.
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