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“…offers a candid examination of Enron’s evolution, its culture, its rise and its downfall …a clear and enjoyable read.” (City to Cities, July 2004)
The Economist, January 11, 2003
"Loren Fox is a business writer who does not shy away from the complexities of Enron's business and financial dealings."
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First Sentence
Politicians, journalists, laid-off workers, and curious onlookers milled about Washington, D.C.'s Russell Senate Office Building. Read the first page
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
Politicians, journalists, laid-off workers, and curious onlookers milled about Washington, D.C.'s Russell Senate Office Building. Read the first page
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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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12 of 12 people found the following review helpful
Format:Hardcover
It was only a matter of time before a glut of these books arrived on the market and I would suggest choosing carefully to any reader.
Fox presents a comprehensive account of Enrons progession from sleepy pipeline company to a sprawling pseudo-Investment Bank tunnel-visioned on global domination. The key players in the story are painted with strong definition and the author really gives you a feel for who they were and what made them tick. Ken Lay is portrayed as palm pressing figurehead concerned with influencing legislation by getting closer to Washington and seemingly unaware of the deceit going on beneath him. Jeff Skilling is seen as the man who transformed Enron into a slick sales and trading operation modelled on an investment bank, driven only by money and willing to stop at nothing to achieve his goals. It is probably the CFO Andrew Fastow who comes accross as the main villain and Fox goes into implicit detail to describe the intricate financial structures he used to hide Enrons debt and (sometimes) profit personally from this.
Anyone who is not familiar with Banking and Finance jargon will find themselves reading the same page 4 or 5 times over to get their heads around Fatows "special purpose vehicles" but this aside, it is a very well-written book.
Fox presents a comprehensive account of Enrons progession from sleepy pipeline company to a sprawling pseudo-Investment Bank tunnel-visioned on global domination. The key players in the story are painted with strong definition and the author really gives you a feel for who they were and what made them tick. Ken Lay is portrayed as palm pressing figurehead concerned with influencing legislation by getting closer to Washington and seemingly unaware of the deceit going on beneath him. Jeff Skilling is seen as the man who transformed Enron into a slick sales and trading operation modelled on an investment bank, driven only by money and willing to stop at nothing to achieve his goals. It is probably the CFO Andrew Fastow who comes accross as the main villain and Fox goes into implicit detail to describe the intricate financial structures he used to hide Enrons debt and (sometimes) profit personally from this.
Anyone who is not familiar with Banking and Finance jargon will find themselves reading the same page 4 or 5 times over to get their heads around Fatows "special purpose vehicles" but this aside, it is a very well-written book.
4 of 4 people found the following review helpful
Format:Hardcover
Most books or articles post Enron have been sensationalising the truth (as if it needed talking up) but this account by Lorna Fox is an accurate and fantastic read. The indepth background opens your eyes to the real world of Enron and the true nature of the employees at the company. A must for any interested reader!
2 of 2 people found the following review helpful
Format:Paperback|Amazon Verified Purchase
This book is for those wanting an exhaustive account of Enron's trading activities and for those looking to gain a working knowledge of the Energy Derivatives marketplace.
The amount of detail is impressive but for those not in the categories above could have a negative effect which dulls the interest of the reader leading to either skipping long passages of the book or non-completion.
The amount of detail is impressive but for those not in the categories above could have a negative effect which dulls the interest of the reader leading to either skipping long passages of the book or non-completion.
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