Bethany McLean

I read this book in two chunks. Read the first hundred pages or so and stopped because my disgust with the people involved got the better of me. Similar to reading a book about Trump, there is a certain nose pinching distance one has to read from. Picked it up a month or so ago and was utterly fascinated the rest of the way. The first part is a little slower, setting up the beginnings of the company and the background of the players, but definitely picks up and runs into pure fascination. Lots of well organized detail presented in a fashion I could mostly understand--can't say I can explain much of it but while reading it I did maintain a decent grasp of the accounting shenanigans. You don't have to love numbers to enjoy this tragedy. There is enough workplace drama, high wire act gambles and operatic human downfalls to keep anyone's attention. There is a rooting interest for those with the most guilt in this debacle to get their comeuppance--and some do--but the ultimate feeling is one of despair for the guilty rarely see that they have done anything wrong, the victims are never made whole and the system keeps rolling merrily along. Many of the same factors involved in the Enron collapse were contributory to the crash of the housing market so what should have been a warning of things to come--was given lip-service instead of being properly addressed. Fascinating read that still applies though the collapse was over twenty years ago.… (mer)

“The tale of Enron is a story of human weakness, of hubris and greed and rampant self-delusion; of ambition run amok; of a grand experiment in the deregulated world; of a business model that didn’t work; and of smart people who believed their next gamble would cover their last disaster—and who couldn’t admit they were wrong.”
― Bethany McLean, The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron

Man, if this book does not get you outraged...

This book tells the story of Enron. I am sure most people have heard of Enron. And not in a good way I am afraid.

So one might ask why read a book about a bunch of sociopaths who cheated their employees out of millions? Well first off, I am into psychology and found the book fascinating from that perspective. I have always hated the corporate world and the people of Enron are a great example of all there is to hate about it.

But the book goes into great detail about exactly what happened and it is chilling. One wonders what company or companies maybe doing the same thing right now. In a world, where the rich, the powerful seem to get away with just about everything this is a powerful read, even if it made me hate corporate America ever that much more.

There is also a Docufilm on same subject, same title and it is worth watching just as this book is worth reading.… (mer)