Thursday, August 18, 2005

1 down 5 to go

Earlier I posted that I need to finish reading 6 books before end of Sept. (roughly a book/week) before I would permit myself to buy more.

Last night I finished The Smartest Guys in the Room : The Amazing Rise and Scandalous Fall of Enron, by Bethany McLean, Peter Elkind.

The authors do a really good job at answering the question, for all its high-priced, and intelligent people, why did Enron fail? Simple answer: hubris, and greed. If anyone wants to understand the Enron scandal this is the book for them.

It was also interesting to read how much of an influence the work environment has on people. There's a line in the book that goes something like this, there would be freshly-minted, energetic, idealistic MBAs starting at Enron and within 6 months they'd be assholes.

The book ends with Jeff Skilling (ex-CEO) and Ken Lay (ex-CEO and founder) being indicted. looked on the Internet and Jeff Skilling's trial is set for January 2006.


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