Enron dives from the seventh largest US company to bankruptcy in less than a year in this tale told chronologically. The emphasis is on human drama, from suicide to 20,000 people sacked: the personalities of Ken Lay (with Falwellesque rectitude), Jeff Skilling (he of big ideas), Lou Pai (gone with $250 M), and Andy Fastow (the dark prince) dominate. Along the way, we watch Enron game California's deregulated electricity market, get a free pass from Arthur Andersen (which okays the dubious mark-to-market accounting), use greed to manipulate banks and brokerages (Merrill Lynch fires the analyst who questions Enron's rise), and hear from both Presidents Bush what great guys these are. Written by
It's just business.
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Did You Know?
Among the protesters who disrupt the meeting with Jeff Skilling at San Francisco's Commonwealth Club is Marla Ruzicka, who was killed on 16 April 2005 in Iraq by a suicide bomber. She founded CIVIC (Campaign for Innocent Victims of Conflict) which worked to help the victims of the war in Iraq and she was a former Global Exchange activist. See more
[Q&A session with employees
All right, we are down to questions. And I got a few up here.
[reads question from the floor
'I would like to know if you are on crack, if so that would explain a lot. If not, you may want to start because it's going to be a long time before we trust you again.'
Hail to the Chief
Written by James Sanderson See more