Power Failure
The Rise and Fall of Enron
Mimi Swartz(Author)
Aurum Press
Published on 25. March 2003
Book
Paperback/Softback
320 pages
978-1-85410-883-8 (ISBN)
Description
By 2000, the Enron Corporation was a colossus. Over 16 years it had transformed itself from a stodgy Texas pipeline company into the world's biggest energy trader, with annual revenues of $100 billion. From its glittering skyscraper in Houston Enron hustled deals in the world's energy, from natural gas to wind power, from Third World refineries to Britain's Wessex Water. Its share price increased by 1700 per cent; its aggressively casual staff prided themselves on their ruthless competitiveness, lavish wages, and obligatory Porsche Boxster. Even Enron's skewed "E" logo seemed to revel in a jaunty angle from conventional business reality. A year later, at the end of 2001, Enron imploded. Thousands of staff were laid off, their pensions - invested in its stocks - worthless, the banks were exposed for hundreds of millions of dollars, and suddenly President Bush's close friendship with Enron's founder looked unwise. It has been an ongoing news story ever since.
Now, drawing closely on the testimony of Sherron Watkins, the vice-president first to blow the whistle on its dubious accounting methods, Mimi Swartz has written a full account of the Enron debacle, showing how its whole mercenary culture was just as much to blame.
Now, drawing closely on the testimony of Sherron Watkins, the vice-president first to blow the whistle on its dubious accounting methods, Mimi Swartz has written a full account of the Enron debacle, showing how its whole mercenary culture was just as much to blame.
More details
Language
English
Place of publication
United Kingdom
Publishing group
Quarto Publishing PLC
Dimensions
Height: 234 mm
Width: 156 mm
Weight
603 gr
ISBN-13
978-1-85410-883-8 (9781854108838)
Copyright in bibliographic data is held by Nielsen Book Services Limited or its licensors: all rights reserved.
Schweitzer Classification
Person
Mimi Swartz has written for the New Yorker, Talk magazine and Texas Monthly, for whom she wrote the first extensive investigation of the Enron collapse. She lives in Houston, Texas.