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The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron
amazon.com
Concluding that the energy crisis was bound to mean big changes for the staid old pipeline industry, Lay decided the time was ripe to exit the government and head into the world of business. In September 1973, less than a year after he arrived at the Interior Department, Lay put out a feeler to W. J. (Jack) Bowen, CEO of a midsize pipeline company
... See morePeter Elkind • The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron
In a way, seen through the lens of the housing bubble, Enron even has some redeeming qualities. It genuinely was an innovative company that was trying to change and create businesses. It may well even have succeeded if its executives hadn’t been so intent on making profits appear in the company’s reported financial statements long before they actua
... See morePeter Elkind • The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron
The tale of Enron is a story of human weakness, of hubris and greed and rampant self-delusion; of ambition run amok; of a grand experiment in the deregulated world; of a business model that didn’t work; and of smart people who believed their next gamble would cover their last disaster—and who couldn’t admit they were wrong.
