What Went Wrong at Enron: Everyone's Guide to the Largest Bankruptcy in U.S. History
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More About This Title What Went Wrong at Enron: Everyone's Guide to the Largest Bankruptcy in U.S. History

English

Peter C. Fusaro is founder and President of Global Change Associates, an energy consulting firm. His extensive research on Enron is regularly referenced by those investigating the firm's dramatic collapse.

Ross M. Miller is founder and President of Miller Risk Advisors. Previously, he taught finance and economics and then established the quantitative finance research group at General Electric.

English

Preface: In the Beginning.

1. Ken Lay's Junk Bond Ride Up on the Natural Gas Express.

2. A Pattern of Less than Full Disclosure.

3. The Skilling Case Study.

4. The Downside of Rank and Yank.

5. A Market a Day Keeps the Debt Away (But Only Temporarily).

6. Enron Goes Online.

7. Broadband Is a Costly Mistake.

8. Enron Takes on Water.

9. From Arrogance to Bankruptcy.

10. Of Talking Heads and Quiet Deals.

11. The Only Place to End the Enron Story.

Cast of Characters.

Through the Pipeline: An Enron Time Line.

The Enron Files.

References.

About the Authors.

Index.

English

"...first book to address the difficult questions surrounding Enron..." (Lloyd's List, 5 July 2002)

"Here come the Enron books...The best offering...is What Went Wrong at Enron." (The New York Times, Sunday, July 28, 2002)

"...a new book on the Enron debacle..." (The Sunday Business Post, 28 July 2002)

"...the gripping drama de jour..." (Business Eye, 1 August 2002)

"...the book chronicles the deception, back stabbing and eventual whistle-blowing that toppled the Houston-based company..." (Moneywise, September 2002)

"...the end result is quite gripping...it gave out information without even trying and it readily soaked into the consciousness..." (M2 Best Books, 15 August 2002)

"...ideal reading for a train journey or flight..." (Mortgage Finance Gazette, October 2002)

"...compelling and very clearly written book draws the right lessons from the Enron debacle" (Christopher Faille, HedgeWorld)

"...Fusaro and miller have provided an excellent primer to whet our appetites for the scurrilous revelations to come..." (Times Higher Educational Supplement, 22 November 2002)

"...a fascinating, highly readable blow-by-blow account of what led to a company?s dramatic collapse..." (IEE Review, Janauary 2003)

"...a truly fascinating read." (Financial Adviser, 26 September 2002)

"Do not put another dime into the stock market before reading this book. In all the millions of words that have been written about the Enron scandal, these are the first that really explain, in a way anyone can understand, what actually happened in the greatest stock swindle of modern times. You'll learn what Enron's business really consisted of, how the accounting for it really worked, and who the key executives really were? in particular chairman Kenneth Lay, the proselytizing son of a Missouri preacher, and Lay's protégé, Jeffrey Skilling, who earned the nickname of Darth Vader for his ruthless behavior. You'll follow Enron's forays into everything from the Internet to the California energy market, learning how Skilling and Lay influenced Wall Street analysts to say only favorable things about the company, and what happened to the analysts who didn't oblige. And you'll behold the inevitable doom that eventually comes to shareholders who believe that rising stock prices are proof of increasing value. In the end they may be proof of nothing more than what the world has now come to know as "Enronitis." This is the book that explains what that word really means." —Christopher Byron, author, Martha Inc.

"The Enron story, for most of us, is a monster. Fusaro and Miller clarify what went wrong in a manner that allows anyone to get their arms around the beast quickly, without killing oneself." —Bill Crawford, former Chicago Tribune financial writer and Pulitzer Prize winner

"The authors' sharp insights into Enron's self-destructive culture provide a clear road map into its massive failure." —Peter Behr, Washington Post financial writer

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