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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.
This book did not capture my attention. The dialog drags on and on.Published 4 days ago by Jacqueline Jordan
An Incredible true story of greed and power, and the disastrous impact the selfishness and arrogance of leadership in a giant corporation had on its workers and investors. Read morePublished 9 days ago by John Verlinden
This is a great book but very long!! Lots of characters so it isn't a fast read.Published 17 days ago by Louie
Extremely well written account of the Enron disaster. The author explains a complicated situation very clearly which makes for an easy read. I highly recommend this book. Read morePublished 18 days ago by Helen O.
Even if you have already read "The Smartest Guys in the Room," this is a much more detailed and informative look at the Enron scandal. Read morePublished 1 month ago by Angus McTavish
This book is extremely detailed. Its a little on the dry side, but absolutely amazing how Enron just made s*** up as they went along and how everyone one followed along because... Read morePublished 1 month ago by Wendy Christiansen
Great read on a well-covered story. Interesting insight and moves quickly.Published 3 months ago by JTW75