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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.
I recall this debacle, even as we dealt with September 11. This was a great read, a real detective story!Published 17 days ago by Katherine Murphy
Very well done, except sometimes hard to follow the characters. He would use first name only and later use just last name. Read morePublished 1 month ago by William F. Post
Very informative, made the transactions easy to understand. Should be required reading for all company board members, so that they fully understand their responsibilities.Published 1 month ago by suzanne Grossman
I suspect that everyone interested in business is familiar with the Enron collapse in 2000. Not only did essentially all employees
lose their job but their pension and 401k. Read more
An amazing read. This book makes clear just how much we don't know about situations when our knowledge is limited to newspapers, radio, TV, and internet news. Read morePublished 2 months ago by Hazel Kitts
In politics and business, the difference between good intentions and total failure is tiny. This is not a case of a company being evil. Read morePublished 4 months ago by Gary Finch
I feel as though I just ran a marathon...eichenwald brings the reader on a fast pace account that reads more like fiction than truth! Read morePublished 5 months ago by El Marketing, Inc.