The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron

Peter Elkind,Bethany McLean

The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron
Format
Paperback
Publisher
Penguin Books Ltd
Country
United Kingdom
Published
16 November 2004
Pages
480
ISBN
9780141011455

The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron

Peter Elkind,Bethany McLean

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, worshiped 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, amid a growing scandal 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.

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