Customer Reviews

The Enron Collapse: Creative Accounting, Wrong Economics or Criminal Acts?

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After reading this book I was incredibly disappointed .... 1/2 of the book consists solely of excerpts from Enron's year 2000 annual report. The author relies upon the February 2001 report print date as a means to assure his audience that they, the officers and auditors, were lieing through their teeth in the report and isn't it just shocking when you juxtapose that annual report language against the crumbling events of 2001. Throughout all this recopying of text the author doesn't give us anything but the most basic of observations with language fit more for tabloid reporting.

The second half of the book consists primarily of excerpts from the Powers Report and several testimony's before the various congressional financial sub-committee's. Again, little merit in the author's observations regarding the content but lots of tabloid language to thrill us.

Lastly, the book closes with an economic history of capitalism. Filler space, if you will.

If you haven't read an annual report, if you haven't followed this case in any of the major newspapers, if you do not have a business degree and are not actively involved some way in a company's accounting and financing environment then perhaps this book will be of interest. Let me leave you with one positive note: I would recommend this text for advanced high school students who want to study business. Minus the tabloid language, that's the most appropriate marketing avenue for text of this kind.

No wonder the author got this book out so soon after Enron's fall. He filled the book with the work of others and then threw in old essays on the failures of capitalism that have no connection to the Enron scandal. Don' waste your money on this book.