About this ebook
"The Energy Illusion – How the smartest guys in the room built a house of lies" dissects the collapse of Enron. In 2000, Enron was named "America's Most Innovative Company" for the sixth year in a row. It claimed revenues of $100 billion. By 2001, it was bankrupt. Financial journalist Robert Powell explains the complex "Mark-to-Market" accounting fraud. Enron booked potential future profits as actual money today. When the cash didn't materialize, they hid the debt in shell companies. The book also details how traders manipulated the California power grid, causing rolling blackouts to spike prices. "The Energy Illusion" is the ultimate case study in corporate culture gone wrong. It shows what happens when a company values stock price over integrity and how 20,000 employees lost their pensions because of the greed of a few executives.
"The Energy Illusion – How the smartest guys in the room built a house of lies" dissects the collapse of Enron. In 2000, Enron was named "America's Most Innovative Company" for the sixth year in a row. It claimed revenues of $100 billion. By 2001, it was bankrupt. Financial journalist Robert Powe...
Discover more
About the author
Author
Author
Rate this ebook
Tell us what you think.
Reading information
Smartphones and tablets
Install the Google Play Books app for Android and iPad/iPhone. It syncs automatically with your account and allows you to read online or offline wherever you are.
Laptops and computers
You can listen to audiobooks purchased on Google Play using your computer's web browser.
eReaders and other devices
To read on e-ink devices like Kobo eReaders, you'll need to download a file and transfer it to your device. Follow the detailed Help Center instructions to transfer the files to supported eReaders.
