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Company auditors, Sherron Watkins among them, warned top Enron execs from CEO Kenneth Lay on down that the companys increasing reliance on cooked books and phony reports "will implode in a wave of accounting scandals." As anyone who played the stock market or watched Enron suits do the perp walk on the evening news a couple of years ago will remember, thats exactly what happened. Texas Monthly editor Swarz and Watkins team up to offer this account, rich in anecdote and numbers alike, of what went wrong and who made it so. Though even-handed throughout, they serve up plenty of righteous scorn for the corporate leaders who enriched themselves as the company disintegrated, and for the name-brand politicians who abetted them.
Though Osama bin Ladens pawns barely dented the U.S. economy, observes Alex Berenson in The Number, Lay and his lieutenants brought it to its knees. Swartzs and Watkinss eye-opening account will rekindle new indignation over unpunished crimes and well-rewarded hubris, and it ought to be required reading in business schools henceforth. --Gregory McNamee --This text refers to an out of print or unavailable edition of this title.
Great read! I didn't know much about the Enron Scandal, but got a great understanding of how it all unfolded. Would highly recommend for anyone interested!Published 10 months ago by Jackie Merrick
Lets start off with one honest statement: Sherron Watkins was NOT a whistleblower. She did write a letter to Ken Lay questioning the practices of the company, to be sure, and when... Read morePublished 16 months ago by B. Johnson
More information is laid out in this book that was not covered the "The Smartest Guys in the Room". Read them both to get the full story of this event. Read morePublished 19 months ago by Tim Brown
I like these type of books as they tell you things that are interesting and you would not find out unless you were involved in what was going on.Published on September 28, 2013 by Ashley G Roundtree
I recommend reading "Conspiracy of Fools" first to get to know the cast of characters. Then read this to get a participant's perspective. Read morePublished on August 31, 2013 by Judith B. Hastings
Well written, interesting story. Corporate and individual greed revealed again. They really put the screws to the people and government of California..Published on August 18, 2013 by foxybacon
Sherron Watkins is the former Enron vice president who (unsuccessfully) attempted to inform CEO Ken Lay of concerns about the company in 2001, and eventually testified before... Read morePublished on June 21, 2012 by Steven H Propp
While this is a highly readable book on Enron and tells the story well, the Smartest Guys in the Room is more comprehensive and detailed and Conspiracy of Fools provides more... Read morePublished on December 20, 2011 by Larry
Power Failure is an important book about the excesses of the go-go days of dot-coms, ridiculous expectations and forecasts, Bill and Monica, and colossal bankruptcies like Enron,... Read morePublished on September 12, 2011 by john purcell