Prof Jorge - ATENEO entrep

Michael Go reminds us to know our what/purpose - the secret of success

Fourth Regional PRME Forum, APS Auditorium Rockwell, Makati PHL | November 15, 2013

Michael Go of Human Nature that the turning point in his life, that the epiphany came to him when he found our his what. His purpose his mission in life. It was not about his career or the material things that counted.

He discovered that he must help the underprivileged and that probably he was brainwashed by the "Our Country is Our Business" constant pounding.

I was asked by a guest in Pampanga about the secret of success, and I answered "Keep your Word" "Hard Work" But she said (she is a VP of Dizon Realty) her father told her, "Know what you want" or rather now, "Know your What."

Know your higher purpose in life. Know what gives you meaning. That is the secret. Says Michael. Go

Andrew Fastow, former CFO of defunct Enron, jailed for 6 years talked at PRME on grays of business life

Fourth PRME Regional Forum, APS Auditorium, APS Building, Rockwell | November 15, 2013

AIM MBA students shake hands of Mr Andrew Fastow

Ladies and Indian students of AIM pose with Mr. Fastow after his talk

I always start my class in entrep about group project, on a new crime. Some devout Catholic lady students criticize this exercise as demeaning the Ateneo brand. But this reminds me of a joke: "How do you get saved from your sins? " The smart answer was "First you must sin"

But I think, this exercise reminds us that a business student must know the boundaries in using the tools of business management: whether he is till on the left or on the right"

The Fastow talk today at PRME at APS is to remind the student that when in the gray area, he must know when to stop, and to know what is right and wrong.

The moderator was Mr. Roberto de Ocampo, faculty at AIM, and former finance executive himself

One of the reactors Mr. Ramon del Rosario, CEO of Phinma and Chairman of Integrity Initiative talks about the signatories of the II. And he says, integrity, avoiding the gray area starts with the I.

Mr Melito Salazar, now the head of Management Association of the PHL, formerly with BOI advocates the 4 way test of Rotary:

Mr Fastow on his part on the question and answer forum says he thought that they were smart and that was how people were playing the game. If you do not play the game, you get behind. This is in accordance with book, Profit with Honor by Daniel Yankelovich

I was not allowed to take pictures during the presentation.

Recalling the past/history of Mr. Fastow

Market watch: Fastow lands 6 years jail sentence

Andrew Fastow, the Chief CFO of Enron, served 6 years in prison, for having engineered the partnerships that led to the fall of Enron, Prosecutors filed 78 counts of fraud vs Fastow. His original prison term of 10 years was reduced to 6 years after he agreed to testify vs top honchos of Enron Skilling and Lay. He forfeited $24 million in assets which were said to be ill gotten.

Lay, the former CEO and founder died of heart attack before he could be sentenced.

Enron which at its peak reported revenues of $101 billion collapsed in 2001 wiping $68 billion in market caps. Skilling and Lay later on vilified Fastow for having duped the thousand of investors and employees that Enron was on solid footing. Fastow testified that all along Skilling and Lay knew all along that were painting a false picture of the company; its stock price fell from $80 to $1 in one year

Post Enron debacle pictures

Partnership example with PRME Human Nature a presentation by John Michael Go AGSB MBA graduate

APS Auditorium, Rockwell, Makati City PHL | November 15 2013.

Human Nature

Two Michaels spoke this morning for Session 4A: Brother Michael Broughton, Vice Chancellor for Mission (equivalent of Rachel Consunji) and John Michael Go, Social Enterprise Development Head of Human Heart Nature, a company founded by Ana Wilkes, the daughter of Tony Maneloto of GK fame. (Ana Wilkes was an entrep guest of this professor at his entrep class several years back)

Michael, I would say is a compleat social entrep, perhaps near the stature of Illac Diaz. The Dean said he wanted to invite Nobel Prize laureate Mohammad Yunus on the 40th year of AGSB. I have read the book of Yunus on social entrep, and I would say Michael, has a very good working knowledge of social entrepreneurship. And when he scales his projects up, he would reach the footprints of Yunus.

Michael said he went into this Social Enterprise and left his former job, because, he thought it was his calling, as part of the awakening from Ateneo that our country is our business that he really has to touch the majority of the Filipinos. Most of the poor people in the country are farmers. But nothing was ever mentioned in MBA about agriculture (Several years back, I tried to connect CLSU, and Philrice with AGSB, but nothing happened. AGSBs direction if about something else, and there has been mention of disconnect between what people say and what they do)

And so he decided he will go full time with his social entrep project Trese and decided he will work with Ana Wilkes Human Nature which would venture into personal care products. It was his way of engaging in the life of farmers. He was one of the first 16 workers and honestly he doubted if it would succeed. But it does now.

He does end to end (supplies and retail) social enterprise development projects. It does not only develop the business of Human Nature, but improves the life of farmers.

Human natures local branches are expanding; they do business abroad, they compete with the giants. But they are Pro Poor, Pro Philippines and Pro Nature.

We at AGSB are proud of you Michael for having metamorphosed as a pioneer social entreprise practioner in the PHL.