Conspiracy Of Fools: A True Story

Kurt Eichenwald

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It was the corporate collapse that appeared to come out of nowhere. In late 2001, the Enron Corporation--a darling of the financial world, a company whose executives were friends of presidents and the powerful--imploded virtually overnight, leaving vast wreckage in its wake and sparking a criminal investigation that would last for years. Kurt Eichenwald transforms the unbelievable story of the Enron scandal into a rip-roaring narrative of epic proportions, taking readers behind every closed door--from the Oval Office to the executive suites, from the highest reaches of the Justice Department to the homes and bedrooms of the top officers. It is a tale of global reach--from Houston to Washington, from Bombay to London, from Munich to Sao Paolo--laying out the unbelievable scenes that twisted together to create this shocking true story. Eichenwald reveals never-disclosed details of a story that features a cast including George W. Bush, Dick Cheney, Paul O’Neill, Harvey Pitt, Colin Powell, Gray Davis, Arnold Schwarzenegger, Alan Greenspan, Ken Lay, Andy Fastow, Jeff Skilling, Bill Clinton, Rupert Murdoch and Sumner Redstone. With its you-are-there glimpse into the secretive worlds of corporate power, Conspiracy of Fools is an all-true financial and political thriller of cinematic proportions.

What will you learn from this book

  1. nergy company to one of the most prominent corporations in the world, followed by its dramatic collapse.

  2. Corporate Culture: Eichenwald explores the toxic corporate culture at Enron, emphasizing how aggressive tactics, lack of transparency, and greed contributed to its downfall.

  3. Financial Manipulation: Details on the complex financial schemes and accounting manipulations employed by Enron executives to portray false profits and hide debt from investors and regulators.

  4. Role of Key Figures: Examination of the key personalities involved, including CEO Jeff Skilling, Chairman Kenneth Lay, and CFO Andrew Fastow, shedding light on their motivations, actions, and responsibilities in the scandal.

  5. Deception and Fraud: Analysis of the fraudulent practices and deceptive strategies used by Enron, such as off-balance-sheet entities, to inflate its stock price and financial standing.

  6. Regulatory Failures: Discussion on regulatory oversight failures by agencies like the Securities and Exchange Commission (SEC) that allowed Enron's fraudulent activities to go unnoticed for an extended period.

  7. Impact on Employees and Investors: Exploration of how the collapse of Enron affected thousands of employees who lost their jobs and retirement savings, as well as the impact on investors and stakeholders.

  8. Legal Ramifications: Details on the legal repercussions, including investigations, trials, and convictions of some Enron executives for their roles in the scandal.

  9. Lessons Learned: Analysis of the lessons that can be drawn from the Enron scandal, including the importance of transparency, corporate governance, and regulatory oversight in preventing corporate fraud.

  10. Legacy and Impact: The lasting impact of the Enron scandal on corporate governance, financial regulation, and the business world, influencing changes in laws and regulations to prevent similar situations.

Language English
ISBN-10 0-7679-1179-2
ISBN-13 9780767911795
No of pages 746
Font Size Medium
Book Publisher Broadway Books
Published Date 27 Dec 2005

About Author

Author : Kurt Eichenwald

3 Books

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