Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron (edit title)

Shelfari edited the description of Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron Saturday, August 1 2009.

• What went wrong with American business at the end of the 20th century? Until the spring of 2001, Enron epitomized the triumph of the New Economy. Feared by rivals, worshipped by investors, Enron seemingly could do no wrong. Its profits rose every year; its stock price surged ever upward; its leaders were hailed as visionaries. Then a young Fortune writer, Bethany McLean, wrote an article posing a simple question how, exactly, does Enron make its money? Within a year Enron was facing humiliation and bankruptcy, the largest in US history, which caused Americans to lose faith in a system that rewarded top insiders with millions of dollars, while small investors lost everything. It was revealed that Enron was a company whose business was an illusion, an illusion that Wall Street was willing to accept even though they knew what the real truth was. This book - fully updated for the paperback - tells the extraordinary story of Enron's fall.

Shelfari edited the contributors of Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron Thursday, July 23 2009.

• Added a contributor: Peter Elkind: (Primary Author)
• Added a contributor: Bethany McLean: (Primary None)

Shelfari edited the first sentence of Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron Friday, July 17 2009.

• It is no accident that Ken Lay's career in the energy business began-and, most likely, ended-in the city of Houston, Texas.