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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.
Kurt Eichenwald has certainly done his homework in uncovering what actually transpired among the many parties leading to the demise of Enron. Read morePublished 1 month 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 1 month ago by A regular Joe
A very detailed retelling of the events. Long but hard to put down. Great read for business buffs.Published 1 month ago by Brian Shuba
Sometimes we let scandals like Enron just slip into the past. Yet there are multiple lessons to be learned that should not be forgotten. Read morePublished 1 month ago by E Trane
I recall this debacle, even as we dealt with September 11. This was a great read, a real detective story!Published 2 months 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 3 months 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 3 months ago by suzanne Grossman