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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.
PUBLICATION DATE: Sep 2004
| Product Code |
Description |
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| 9781591840534 |
Smartest Guys in the Room |
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$30.95
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