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Conspiracy of Fools
Book

Conspiracy of Fools

A True Story

Broadway Books, 2005 Mehr


Editorial Rating

9

Qualities

  • Innovative

Recommendation

You might think you know all about the Enron debacle, but this page-turner sheds new light on the scandal of the century. From Jeff Skilling's drinking and dithering to Andy Fastow's bullying and badgering, this report plumbs the depths of Enron's skullduggery. Accomplished journalist Kurt Eichenwald writes in a novelistic style, using dialogue, scenes and action to move his plot along. The result is a very complete and compelling account of Enron's collapse. At times, Eichenwald oversteps, such as when he reports what Skilling was thinking during a night of heavy drinking. While this is a lengthy tome, Eichenwald rewards those readers who keep a stiff upper lip with a fast-moving, in-depth account. getAbstract recommends this book to managers and investors who want a reminder of what happens when greed trumps common sense.

Take-Aways

  • Charismatic economist Ken Lay ran Enron as it morphed from a boring pipeline company into a sexy trading operation.
  • Lay hired Jeff Skilling, an arrogant consultant who did things his own way.
  • Because he knew arcane off-the-books entities, Andy Fastow became a star.

About the Author

Kurt Eichenwald wrote this book while working as a reporter at The New York Times. He also wrote The Informant and Serpent on the Rock.


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