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. – TraderDaily
The book was way better. Up there with The Predators Ball, Barbarians at the Gate and Liar’s Poker Yes, I am sure that Ken is yuckin it up with Bruce Lee and Elvis on the island too
I’ve seen this movie a few times. It’s pretty decent… Since I live in Houston, a lot of this stuff hits home. I go by the former Enron building all the time, I know people who used to work for AA Houston and Enron, I know a girl who worked with the lawyer representing one of the whistleblowers, etc.
Hell…the YMCA I go to, Ken Lay and his wife are on the list of platinum doners or whatever…