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What went wrong? Veteran New York Times financial journalist Kurt Eichenwald does an epic job of telling Enron's story in his 742-page tome Conspiracy of Fools. Eichenwald, a finalist for the Pulitzer Prize in 2000, also authored The Informant, an acclaimed account of a vast international price-fixing scandal at Archer Daniels Midland. Conspiracy of Fools tells the Enron tale with a cinematic narrative style, relying almost exclusively on scene and dialogue to bring his account to vivid life. We see how federal regulators opened the doors for the Enron fraud early on when they let the company loosen up its accounting rules and essentially cook its books. We read how Enron bullied Wall Street firms into issuing favorable reports about its share price by threatening to take away lucrative banking fees. Eichenwald also reveals how Enron manipulated electricity prices during the California energy crisis of 2000. Eichenwald's book is less successful in situating the Enron debacle in its wider context--the cycle of market speculation that reached a historic summit in the dot-com bubble. Was Enron just a cautionary sign of the greed and lack of ethics of a few bad apples, or was it more symptomatic of an entire market system? That may be a debate for another book. --Alex Roslin --This text refers to an out of print or unavailable edition of this title.
An unbelievable true story of the rise and fall of Enron - a story of greed and corruption.
Both are written by professional journalists in very good narrative; they seem to tell a story by presenting the facts, and without hyped-up excitement.
I had followed the story carefully in the paper, but it's only now that I feel like I really understand what happened.
Great read on a well-covered story. Interesting insight and moves quickly.Published 1 month ago by Jason Wilcox
Dries up a tiny bit at the end, very compelling story that captured my attention. Pretty easy to read and understand.Published 2 months ago by Marcus Ortega
Kurt Eichenwald has certainly done his homework in uncovering what actually transpired among the many parties leading to the demise of Enron. Read morePublished 4 months ago by w. stanton holloway
I am very surprised how many good guys(Mcmahon), sold their soul for the company. Lay, Skilling, Fastow, pure and simple bumbling thieves. Read morePublished 4 months ago by A regular Joe