Enron Ascending

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Enron Ascending

Author : Robert L. Bradley, Jr.
Publisher : John Wiley & Sons
ISBN 13 : 1119494206
Total Pages : 826 pages
Book Rating : 4.1/5 (194 download)

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Book Synopsis Enron Ascending by : Robert L. Bradley, Jr.

Download or read book Enron Ascending written by Robert L. Bradley, Jr. and published by John Wiley & Sons. This book was released on 2018-03-09 with total page 826 pages. Available in PDF, EPUB and Kindle. Book excerpt: A great fall cannot be understood apart from the rise that preceded it. Enron Ascending is the only book to date that examines in detail the first two-thirds of that iconic energy company's life. Thus, it is the only book to date that exposes the deepest causes of Enron's stunning collapse. Nobel economist Paul Krugman predicted that history would look upon Enron's plummet as a greater turning point than the fall of the Twin Towers. Enron Ascending explains the shock of the company's fall by recalling the astounding achievements of Enron’s birth, childhood, adolescence, and early maturity. It sets forth the once-celebrated but now-forgotten industry and innovation that caused the company and its reputation to soar stratospherically. At the same time, always conscious of the company's fate, the book highlights throughout the developing habits of thought and behavior that later evolved into self-destructive acts of desperation and deceit. Written fifteen years after the firm’s demise, Enron Ascending offers the long perspective of a uniquely positioned insider, Robert L. Bradley, Jr., the company's director of public-policy analysis and Chairman Ken Lay's personal speechwriter. The book also offers a library of previously unavailable information, drawn from Bradley’s innumerable corporate documents and unrepeatable interviews, which he collected in his capacity as the company's prospective historian. Most important, however, Enron Ascending offers an antidote to the unending stories, studies, and books about Enron that are presented as just-the-facts but are in reality shaped decisively by the worldview of their authors. Bradley shows, beyond dispute, that the early habits which set precedents for Enron's history-making demise were directly contrary to the free-market behaviors and capitalist attitudes generally blamed for Enron's fall.

Enron Ascending

Author : Robert Bradley
Publisher :
ISBN 13 :
Total Pages : 816 pages
Book Rating : 4.:/5 (113 download)

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Book Synopsis Enron Ascending by : Robert Bradley

Download or read book Enron Ascending written by Robert Bradley and published by . This book was released on 2018 with total page 816 pages. Available in PDF, EPUB and Kindle. Book excerpt: A great fall cannot be understood apart from the rise that preceded it. Enron Ascending is the only book to date that examines in detail the first two-thirds of that iconic energy company's life. Thus, it is the only book to date that exposes the deepest causes of Enron's stunning collapse. Nobel economist Paul Krugman predicted that history would look upon Enron's plummet as a greater turning point than the fall of the Twin Towers. Enron Ascending explains the shock of the company's fall by recalling the astounding achievements of Enron's birth, childhood, adolescence, and early maturity. It sets forth the once-celebrated but now-forgotten industry and innovation that caused the company and its reputation to soar stratospherically. At the same time, always conscious of the company's fate, the book highlights throughout the developing habits of thought and behavior that later evolved into self-destructive acts of desperation and deceit. Written fifteen years after the firm's demise, Enron Ascending offers the long perspective of a uniquely positioned insider, Robert L. Bradley, Jr., the company's director of public-policy analysis and Chairman Ken Lay's personal speechwriter. The book also offers a library of previously unavailable information, drawn from Bradley's innumerable corporate documents and unrepeatable interviews, which he collected in his capacity as the company's prospective historian. Most important, however, Enron Ascending offers an antidote to the unending stories, studies, and books about Enron that are presented as just-the-facts but are in reality shaped decisively by the worldview of their authors. Bradley shows, beyond dispute, that the early habits which set precedents for Enron's history-making demise were directly contrary to the free-market behaviors and capitalist attitudes generally blamed for Enron's fall.

Enron

Author : Loren Fox
Publisher : John Wiley & Sons
ISBN 13 : 0471432202
Total Pages : 394 pages
Book Rating : 4.4/5 (714 download)

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Book Synopsis Enron by : Loren Fox

Download or read book Enron written by Loren Fox and published by John Wiley & Sons. This book was released on 2004-01-30 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt: "I'd say you were a carnival barker, except that wouldn't be fair tocarnival barkers. A carnie will at least tell you up front that he's running a shell game. You, Mr. Lay, were running what purported to be the seventh largest corporation in America."-Senator Peter Fitzgerald (R-IL) to Enron CEO Kenneth Lay, Senate Commerce Science & Transportation's Subcommittee, Hearing on Enron, 2/12/02 The speed of Enron's rise and fall is truly astonishing and perhaps the single most important story of corporate failure in the twenty-first century. In Enron investigative journalist Loren Fox promises readers nothing short of the most compelling and insightful investigation into Enron's meteoric ascent-regarded by Wall Street and the media as the epitome of innovation-and its spectacular fall from grace. In a lively and authoritative manner, Fox discusses how the biggest corporate bankruptcy in American business history happened, why for so long no one (except for an enlightened few) saw it coming, and what its impact will be on financial markets, the U.S. economy, U.S. energy policy, and the public for years to come. With access to many company insiders, Fox's intriguing account of this corporate debacle also provides an overview of the corporate culture and business model that led to Enron's high-flying success and disastrous failure. The story of Enron is one that will reverberate in global financial and energy markets as well as in criminal and civil courts for years to come. Rife with all the elements of a classic thriller-scandal, dishonest accounting, personal greed, questionable campaign contributions, suicide-Enron captures the essence of a company that went too far too fast.

The Extraction State

Author : Charles Blanchard
Publisher : University of Pittsburgh Press
ISBN 13 : 0822987775
Total Pages : 369 pages
Book Rating : 4.8/5 (229 download)

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Book Synopsis The Extraction State by : Charles Blanchard

Download or read book The Extraction State written by Charles Blanchard and published by University of Pittsburgh Press. This book was released on 2021-01-12 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: The history of the United States of America is also the history of the energy sector. Natural gas provides the fuel that allows us to heat our homes in winter and cool them in summer with the touch of a button or turn of a dial—when the industry runs smoothly. From the oil crisis of the 1970s to the fall of Enron and the California electricity crisis at the turn of the century to contemporary issues of hydraulic fracking, poorly conceived government policies have sometimes left us shivering, stranded, or with significantly lighter wallets. In this expansive narrative, Charles Blanchard traces the rise of natural gas and the regulatory missteps that nearly ruined the market. Beginning in the 1880s, The Extraction State explains how the New Deal regulatory compact came together in the 1920s, even before the Great Depression, and how it fell apart in the 1970s. From there, the book dissects the policies that affect us today, and explores where we might be headed in the near future.

Fintech and Cryptocurrency

Author : Mohd Naved
Publisher : John Wiley & Sons
ISBN 13 : 1119904811
Total Pages : 484 pages
Book Rating : 4.1/5 (199 download)

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Book Synopsis Fintech and Cryptocurrency by : Mohd Naved

Download or read book Fintech and Cryptocurrency written by Mohd Naved and published by John Wiley & Sons. This book was released on 2023-12-07 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: FINTECH and CRYPTOCURRENCY Dive into the world of fintech and cryptocurrency through the engaging perspectives of this diverse group of authors and uncover the intricate connections between technology, finance, and cryptocurrency that make this a must-have for anyone intrigued by the future of digital society. Digital currencies, decentralization of money, and the growth of new technologies like blockchain, the Internet of Things, and machine learning have produced new opportunities and difficulties for banking and finance, as well as users of these services in electronic commerce. New banking and finance technologies may improve operational efficiency, risk management, compliance, and client pleasure, but they can decrease barriers and introduce new concerns, such as cybersecurity risk. Cryptocurrencies with smart contracts for payments and trading, as well as AI systems with adaptive algorithms that allow picture and speech recognition, expert judgement, group categorization, and forecasting in a variety of fields, are instances of increased automation. Simultaneously, the potentials pose risks and raise regulatory concerns. The rise of blockchain technology and its widespread use have had a significant impact on the operation and management of digital systems. At the same time, researchers and practitioners have paid close attention to digital finance. Blockchain’s first applications were limited to the production of digital currency, but it has now been expanded to include financial and commercial applications. Innovative digital finance has had a huge impact on business and society since it has been extensively adopted by businesses and consumers. As a result, the goal of this edited book is to expand and deepen our knowledge of the business possibilities of novel blockchain and digital financial applications.

The Smartest Guys in the Room

Author : Bethany McLean
Publisher : Penguin
ISBN 13 : 0698158822
Total Pages : 497 pages
Book Rating : 4.6/5 (981 download)

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Book Synopsis The Smartest Guys in the Room by : Bethany McLean

Download or read book The Smartest Guys in the Room written by Bethany McLean and published by Penguin. This book was released on 2013-11-26 with total page 497 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this tenth-anniversary edition, acclaimed investigative journalists Bethany McLean and Peter Elkind deliver the definitive account of the fall of Enron, one of the biggest scandals in corporate America history. Meticulously researched and character driven, The Smartest Guys in the Room takes the reader deep into Enron's past—and behind the closed doors of private meetings. Drawing on a wide range of unique sources, the book follows Enron's rise from obscurity to the top of the business world to its disastrous demise. It reveals as never before major characters such as Ken Lay, Jeff Skilling, and Andy Fastow, as well as lesser-known players like Cliff Baxter and Rebecca Mark. It is a story of greed, arrogance, and deceit—a microcosm of all that can go wrong with American business. Above all, it's a fascinating human drama that has proven to be the authoritative account of the Enron scandal. In this tenth anniversary edition, McLean and Elkind revisit the fall of Enron and its aftermath in a new chapter.

What Went Wrong at Enron

Author : Peter C. Fusaro
Publisher : John Wiley & Sons
ISBN 13 : 0471423254
Total Pages : 258 pages
Book Rating : 4.4/5 (714 download)

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Book Synopsis What Went Wrong at Enron by : Peter C. Fusaro

Download or read book What Went Wrong at Enron written by Peter C. Fusaro and published by John Wiley & Sons. This book was released on 2002-10-01 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: An easy answer guide to the difficult questions surrounding Enron What Went Wrong at Enron explains the critical steps, transactions, and events that led to the demise of a company that was once considered one of the most innovative corporations in the United States. Energy risk management expert Peter Fusaro gets inside Enron and provides a coherent account of the who, why, where, and when of this corporate debacle, without sacrificing the complexity of what has happened. Enron has been front-page news for months, but confusion still remains about what actually happened. What Went Wrong at Enron is written for readers who find themselves wondering what exactly is an energy trading company, what was the sequence of events that caused the largest corporate bankruptcy in U.S. history, and what does this all mean for me.

Innovation Corrupted

Author : Malcolm S. Salter
Publisher : Harvard University Press
ISBN 13 : 9780674028258
Total Pages : 548 pages
Book Rating : 4.0/5 (282 download)

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Book Synopsis Innovation Corrupted by : Malcolm S. Salter

Download or read book Innovation Corrupted written by Malcolm S. Salter and published by Harvard University Press. This book was released on 2008 with total page 548 pages. Available in PDF, EPUB and Kindle. Book excerpt: In contrast to the time-line narratives of previous books on Enron that offer interesting but largely unsystematic insight into individual actions and organizational processes, Innovation Corrupted pursues a more methodical analysis of the causes and lessons of Enron's collapse.

The Enron Scandal

Author : Theodore F. Sterling
Publisher : Nova Publishers
ISBN 13 : 9781590334607
Total Pages : 194 pages
Book Rating : 4.3/5 (346 download)

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Book Synopsis The Enron Scandal by : Theodore F. Sterling

Download or read book The Enron Scandal written by Theodore F. Sterling and published by Nova Publishers. This book was released on 2002 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: Preface; Enron: A Select Chronology of Congressional, Corporate, and Government Activities; Enron and Stock Analyst Objectivity; Soft Money, Allegations of Political Corruption, and Enron; Enron: Selected Securities, Accounting, and Pension Laws Possibly Implicated in Its Collapse; The Enron Collapse: An Overview of Financial Issues; Auditing and Its Regulators: Proposals for Reform after Enron; Enron's Banking Relationships and Congressional Repeal of Statutes Separating Bank Lending from Investment Banking; Enron Bankruptcy: Issues for Financial Oversight; The Enron Bankruptcy and Employer Stock in Retirement Plans; Enron and Taxes; Title vs Enron Corp. and Fiduciary Duties Under ERISA; Possible Criminal Provisions Which May Be Implicated in the Events Surrounding the Collapse of the Enron Corporation; Index.

Confessions of an Enron Executive

Author : Brewer Lynn
Publisher : AuthorHouse
ISBN 13 : 1418485365
Total Pages : 436 pages
Book Rating : 4.4/5 (184 download)

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Book Synopsis Confessions of an Enron Executive by : Brewer Lynn

Download or read book Confessions of an Enron Executive written by Brewer Lynn and published by AuthorHouse. This book was released on 2004 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: ESPIONAGE. FRAUD. POLITICS. "This book is one of the most chilling and compelling business stories I've ever read. Lynn Brewer lived the Enron story, and in a deeply personal, yet highly professional way, lets us peek into what can go horribly wrong in a publicly-traded business. There are some great lessons for leadership in this tale." Oren Harari, Author, The Leadership Secrets of Colin Powell "In this incredibly lucid and juicy account of Enron's shenanigans, Lynn Brewer courageously reveals what went on behind the scenes. What she reports will shock the financial press who voted Enron "the most innovative and admired" five years in a row. It will shame research analysts and investors who drove Enron's stock up into the stratosphere - while never being able to explain how Enron made money. Brewer hasn't forgotten the teachers, the small business owners and retirees who lost a bundle when the house of cards came crashing down. She urges us to see Enron not simply as the failure of a few people and institutions. No, it is symptomatic of our win-at-any-cost culture. To prevent future Enrons, we all must look to see how our choices perpetuate this culture, which ultimately, like Enron, is unsustainable." L. J. Rittenhouse, Author, Do Business With People You Tru$t: Balancing Profits and Principles "Lynn Brewer unabashedly exposes the unchecked greed and chicanery operating in the leadership of Enron. Her story clearly reveals how the unethical leadership at Enron led to an unbearable culture of emotional turbulence and fear, drawing everyone into a web of deceit. Readers will get the inside view of one of the country's biggest corporate scandals." Danna Beal, M.Ed., Author, Tragedy in the Workplace: The Longest Running Show in the Country LIES. DECEPTIONS. SCANDAL. ENRON. Confessions of an Enron Executive: A Whistlebower's Story, is Lynn Brewer's gripping account of nearly three years spent with the company that has come to symbolize the worst in corporate greed. Lynn's riveting tale takes you deep into the heart of Enron for a shocking look at both the notorious illicit deals and the unscrupulous people who made them. Having spent time with Enron's water company, trading division, power trading desk, and the broadband unit, coupled with Lynn's background in accounting and law, a scandalous portrait emerges of a company run amok in the name of naked avarice. Fascinating, revelatory, and often times hilarious, Confessions of an Enron Executive: A Whistleblower's Story details the riveting account of her career at Enron, and her decision to blow the whistle to lawyers and the United States Government, long before the world had ever heard of Sherron Watkins. Cover Designed By: Paguirigan Branding & Design

Shell Shocked

Author : John Stephenson
Publisher : John Wiley & Sons
ISBN 13 : 0470675799
Total Pages : 245 pages
Book Rating : 4.4/5 (76 download)

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Book Synopsis Shell Shocked by : John Stephenson

Download or read book Shell Shocked written by John Stephenson and published by John Wiley & Sons. This book was released on 2009-12-03 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the world picks itself off the mat and begins to grow again, a bull market in all things Canadian is about to wash up on our shores. A wave of unprecedented prosperity is about to occur, one that will transform the fortunes of Canadian investors who understand how the world has dramatically shifted and why Canada will be the biggest beneficiary. High technology companies, banking, residential real estate and, of course, our much-maligned resource sector will all be front and centre in this rising wave of prosperity, driven not by America but by Asia. Shell Shocked turns the conventional investment wisdom on its head by providing compelling evidence that buying all things Canadian is a savvy bet, not a foolhardy gamble. Best yet, the global economic collapse has offered Canadian investors a once-in-a-lifetime opportunity to prosper, while investing right here at home. Rich in detailed, fact-based analysis, Shell Shocked explains what to buy and when to buy it. The world has changed, and so has investing. Shell Shocked is your blueprint for investing success. Written by Bay Street veteran John Stephenson, Shell Shocked pinpoints the links that have brought the world to the brink of economic collapse, and describes how Canadians stand to prosper after the crisis.

Mastering Scala Machine Learning

Author : Alex Kozlov
Publisher : Packt Publishing Ltd
ISBN 13 : 178588526X
Total Pages : 310 pages
Book Rating : 4.7/5 (858 download)

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Book Synopsis Mastering Scala Machine Learning by : Alex Kozlov

Download or read book Mastering Scala Machine Learning written by Alex Kozlov and published by Packt Publishing Ltd. This book was released on 2016-06-28 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: Advance your skills in efficient data analysis and data processing using the powerful tools of Scala, Spark, and Hadoop About This Book This is a primer on functional-programming-style techniques to help you efficiently process and analyze all of your data Get acquainted with the best and newest tools available such as Scala, Spark, Parquet and MLlib for machine learning Learn the best practices to incorporate new Big Data machine learning in your data-driven enterprise to gain future scalability and maintainability Who This Book Is For Mastering Scala Machine Learning is intended for enthusiasts who want to plunge into the new pool of emerging techniques for machine learning. Some familiarity with standard statistical techniques is required. What You Will Learn Sharpen your functional programming skills in Scala using REPL Apply standard and advanced machine learning techniques using Scala Get acquainted with Big Data technologies and grasp why we need a functional approach to Big Data Discover new data structures, algorithms, approaches, and habits that will allow you to work effectively with large amounts of data Understand the principles of supervised and unsupervised learning in machine learning Work with unstructured data and serialize it using Kryo, Protobuf, Avro, and AvroParquet Construct reliable and robust data pipelines and manage data in a data-driven enterprise Implement scalable model monitoring and alerts with Scala In Detail Since the advent of object-oriented programming, new technologies related to Big Data are constantly popping up on the market. One such technology is Scala, which is considered to be a successor to Java in the area of Big Data by many, like Java was to C/C++ in the area of distributed programing. This book aims to take your knowledge to next level and help you impart that knowledge to build advanced applications such as social media mining, intelligent news portals, and more. After a quick refresher on functional programming concepts using REPL, you will see some practical examples of setting up the development environment and tinkering with data. We will then explore working with Spark and MLlib using k-means and decision trees. Most of the data that we produce today is unstructured and raw, and you will learn to tackle this type of data with advanced topics such as regression, classification, integration, and working with graph algorithms. Finally, you will discover at how to use Scala to perform complex concept analysis, to monitor model performance, and to build a model repository. By the end of this book, you will have gained expertise in performing Scala machine learning and will be able to build complex machine learning projects using Scala. Style and approach This hands-on guide dives straight into implementing Scala for machine learning without delving much into mathematical proofs or validations. There are ample code examples and tricks that will help you sail through using the standard techniques and libraries. This book provides practical examples from the field on how to correctly tackle data analysis problems, particularly for modern Big Data datasets.

Scala:Applied Machine Learning

Author : Pascal Bugnion
Publisher : Packt Publishing Ltd
ISBN 13 : 178712455X
Total Pages : 1265 pages
Book Rating : 4.7/5 (871 download)

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Book Synopsis Scala:Applied Machine Learning by : Pascal Bugnion

Download or read book Scala:Applied Machine Learning written by Pascal Bugnion and published by Packt Publishing Ltd. This book was released on 2017-02-23 with total page 1265 pages. Available in PDF, EPUB and Kindle. Book excerpt: Leverage the power of Scala and master the art of building, improving, and validating scalable machine learning and AI applications using Scala's most advanced and finest features About This Book Build functional, type-safe routines to interact with relational and NoSQL databases with the help of the tutorials and examples provided Leverage your expertise in Scala programming to create and customize your own scalable machine learning algorithms Experiment with different techniques; evaluate their benefits and limitations using real-world financial applications Get to know the best practices to incorporate new Big Data machine learning in your data-driven enterprise and gain future scalability and maintainability Who This Book Is For This Learning Path is for engineers and scientists who are familiar with Scala and want to learn how to create, validate, and apply machine learning algorithms. It will also benefit software developers with a background in Scala programming who want to apply machine learning. What You Will Learn Create Scala web applications that couple with JavaScript libraries such as D3 to create compelling interactive visualizations Deploy scalable parallel applications using Apache Spark, loading data from HDFS or Hive Solve big data problems with Scala parallel collections, Akka actors, and Apache Spark clusters Apply key learning strategies to perform technical analysis of financial markets Understand the principles of supervised and unsupervised learning in machine learning Work with unstructured data and serialize it using Kryo, Protobuf, Avro, and AvroParquet Construct reliable and robust data pipelines and manage data in a data-driven enterprise Implement scalable model monitoring and alerts with Scala In Detail This Learning Path aims to put the entire world of machine learning with Scala in front of you. Scala for Data Science, the first module in this course, is a tutorial guide that provides tutorials on some of the most common Scala libraries for data science, allowing you to quickly get up to speed building data science and data engineering solutions. The second course, Scala for Machine Learning guides you through the process of building AI applications with diagrams, formal mathematical notation, source code snippets, and useful tips. A review of the Akka framework and Apache Spark clusters concludes the tutorial. The next module, Mastering Scala Machine Learning, is the final step in this course. It will take your knowledge to next level and help you use the knowledge to build advanced applications such as social media mining, intelligent news portals, and more. After a quick refresher on functional programming concepts using REPL, you will see some practical examples of setting up the development environment and tinkering with data. We will then explore working with Spark and MLlib using k-means and decision trees. By the end of this course, you will be a master at Scala machine learning and have enough expertise to be able to build complex machine learning projects using Scala. This Learning Path combines some of the best that Packt has to offer in one complete, curated package. It includes content from the following Packt products: Scala for Data Science, Pascal Bugnion Scala for Machine Learning, Patrick Nicolas Mastering Scala Machine Learning, Alex Kozlov Style and approach A tutorial with complete examples, this course will give you the tools to start building useful data engineering and data science solutions straightaway. This course provides practical examples from the field on how to correctly tackle data analysis problems, particularly for modern Big Data datasets.

How Companies Lie

Author : Larry Elliott
Publisher : Currency
ISBN 13 : 140004703X
Total Pages : 192 pages
Book Rating : 4.4/5 ( download)

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Book Synopsis How Companies Lie by : Larry Elliott

Download or read book How Companies Lie written by Larry Elliott and published by Currency. This book was released on 2002-06-25 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: The questions investors need to ask . . . The answers corporate America must give about the true facts of corporate performance and value. During the 2001 baseball season, when games were played at Enron Field in Houston, a typical reaction was: “What the hell is Enron and what do they do?” Now we know more about the executives and inner workings of today’s best-known rogue company than we ever imagined. But it turns out that Enron is just the most egregious case of a disturbing trend and the seemingly unstoppable tendency of some capitalists to destroy capitalism. Something like 50 percent of American households directly support the markets by investing in stocks and mutual funds. But some of the people entrusted with the responsibility for maintaining and managing the corporation—senior executives, boards of directors, auditing firms—have become engaged in what can only be called economic terrorism. Enron, Sunbeam, Global Crossing, and Waste Management are but the tip of the iceberg. Luckily, there are ways for investors to spot corporate smoke and mirrors and challenge the players. Larry Elliott and Richard Schroth show investors the questions that need to be asked to get a handle on the performance reality of companies. The corporate world, in turn, needs a return to reality and authenticity in business operations, finance, accounting, and deal making. This need for performance reality is not an issue confined to a few companies who engage in unethical and illegal behavior. The technological pace of change, along with increasingly complicated business transactions, makes global markets more and more complex. The assumption, however, has always been that we have the management competence and rigor to ensure shareholder value. Enron is definitive proof that the way companies are run—the gap between what they say is reality and what is really the case—is frightening. And this gap has severe implications for millions of people who are employees of and investors in these companies. Using Enron as the touchstone, Larry Elliott and Richard Schroth show investors how to think about and measure the candor of corporations, the Wall Street players, and their supporters.

The Enron Collapse

Author :
Publisher : iUniverse
ISBN 13 : 0595221629
Total Pages : 226 pages
Book Rating : 4.5/5 (952 download)

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Book Synopsis The Enron Collapse by :

Download or read book The Enron Collapse written by and published by iUniverse. This book was released on with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Power Failure

Author : Mimi Swartz
Publisher : Currency
ISBN 13 : 076791368X
Total Pages : 434 pages
Book Rating : 4.7/5 (679 download)

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Book Synopsis Power Failure by : Mimi Swartz

Download or read book Power Failure written by Mimi Swartz and published by Currency. This book was released on 2004-03-09 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: “They’re still trying to hide the weenie,” thought Sherron Watkins as she read a newspaper clipping about Enron two weeks before Christmas, 2001. . . It quoted [CFO] Jeff McMahon addressing the company’s creditors and cautioning them against a rash judgment. “Don’t assume that there is a smoking gun.” Sherron knew Enron well enough to know that the company was in extreme spin mode… Power Failure is the electrifying behind-the-scenes story of the collapse of Enron, the high-flying gas and energy company touted as the poster child of the New Economy that, in its hubris, had aspired to be “The World’s Leading Company,” and had briefly been the seventh largest corporation in America. Written by prizewinning journalist Mimi Swartz, and substantially based on the never-before-published revelations of former Enron vice-president Sherron Watkins, as well as hundreds of other interviews, Power Failure shows the human face beyond the greed, arrogance, and raw ambition that fueled the company’s meteoric rise in the late 1990s. At the dawn of the new century, Ken Lay’s and Jeff Skilling's faces graced the covers of business magazines, and Enron’s money oiled the political machinery behind George W. Bush’s election campaign. But as Wall Street analysts sang Enron’s praises, and its stock spiraled dizzyingly into the stratosphere, the company’s leaders were madly scrambling to manufacture illusory profits, hide its ballooning debt, and bully Wall Street into buying its fictional accounting and off-balance-sheet investment vehicles. The story of Enron’s fall is a morality tale writ large, performed on a stage with an unforgettable array of props and side plots, from parking lots overflowing with Boxsters and BMWs to hot-house office affairs and executive tantrums. Among the cast of characters Mimi Swartz and Sherron Watkins observe with shrewd Texas eyes and an insider’s perspective are: CEO Ken Lay, Enron’s “outside face,” who was more interested in playing diplomat and paving the road to a political career than in managing Enron’s high-testosterone, anything-goes culture; Jeff Skilling, the mastermind behind Enron’s mercenary trading culture, who transformed himself from a nerdy executive into the personification of millennial cool; Rebecca Mark, the savvy and seductive head of Enron’s international division, who was Skilling’s sole rival to take over the company; and Andy Fastow, whose childish pranks early in his career gave way to something far more destructive. Desperate to be a player in Enron’s deal-making, trader-oriented culture, Fastow transformed Enron’s finance department into a “profit center,” creating a honeycomb of financial entities to bolster Enron’s “profits,” while diverting tens of millions of dollars into his own pockets An unprecedented chronicle of Enron’s shocking collapse, Power Failure should take its place alongside the classics of previous decades – Barbarians at the Gate and Liar’s Poker – as one of the cautionary tales of our times.

Resisting Corporate Corruption

Author : Stephen V. Arbogast
Publisher : M & M Scrivener Press
ISBN 13 : 0980209455
Total Pages : 280 pages
Book Rating : 4.9/5 (82 download)

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Book Synopsis Resisting Corporate Corruption by : Stephen V. Arbogast

Download or read book Resisting Corporate Corruption written by Stephen V. Arbogast and published by M & M Scrivener Press. This book was released on 2008 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: As scandals at Enron, WorldCom, and elsewhere became public, American business schools came under attack for inadequate ethical formation of the country's up-and-coming managers. A less obvious but related problem has been the lack of realistic ethical training material. Now this author, a 32 year senior financial executive, has adapted the Enron story to address this pressing need. Drawing upon his own experience within a highly disciplined corporate culture, the author has extracted from the wreckage case studies that chart Enron's descent into fraud and ask students to consider how it could have been different. These 17 practical case studies don't just retell the Enron story - they select pivotal moments when key individuals faced decisions that could carry the firm across another threshold of ethical decomposition. Students will get the opportunity to stand in the shoes of the young Ken Lay as he pondered how to handle Enron's first trading scandal. They will have the opportunity to consider how to oppose Jeff Skilling's plans to introduce 'Mark-to-Market' accounting and Andy Fastow's ever-more aggressive use of 'Special Purpose Entities'. Finally, they will have a chance to reconsider the tactics adopted by those who did resist. Was, for example, Sherron Watkins right to take her concerns to Ken Lay, or should she have made her case elsewhere?