The Smartest Guys in the Room

The Amazing Rise and Scandalous Fall of Enron

Bethany McLean, Peter Elkind

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Paperback

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English

Penguin Books Ltd
16 November 2004

True stories; Economics & Business; Business & management; Energy industries & utilities

What went wrong with American business at the end of the 20th century? Until the spring of 2001, Enron epitomized the triumph of the New Economy. Feared by rivals, worshiped by investors, Enron seemingly could do no wrong. Its profits rose every year; its stock price surged ever upward; its leaders were hailed as visionaries. Then a young Fortune writer, Bethany McLean, wrote an article posing a simple question - how, exactly, does Enron make its money? Within a year Enron, amid a growing scandal was facing humiliation and bankruptcy, the largest in US history, which caused Americans to lose faith in a system that rewarded top insiders with millions of dollars, while small investors lost everything. It was revealed that Enron was a company whose business was an illusion, an illusion that Wall Street was willing to accept even though they knew what the real truth was.

By: Bethany McLean, Peter Elkind
Imprint: Penguin Books Ltd
Country of Publication: United Kingdom
Dimensions: Height: 198mm, Width: 129mm, Spine: 28mm
Weight: 330g
ISBN: 9780141011455
ISBN 10: 0141011459
Pages: 480
Publication Date: 16 November 2004
Audience: General/trade , ELT Advanced
Format: Paperback
Publisher's Status: Active

"Bethany McLean and Peter Elkind are Fortune senior writers. McLean's March 2001 article in Fortune, ""Is Enron Overpriced?,"" was the first in a national publication to openly question the company's dealings. Elkind, an award-winning investigative reporter, has written for The New York Times Magazine and The Washington Post."

Reviews for The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron

...the most comprehensive picture yet of how the company went off the rails. The sheer accumulation of detail makes it possible for the first time to understand how Enron got away with its blend of hubris and incompetence for so long... This is more than a business story. It is also about what can happen to any institution when weak and complacent leadership allows itself to be swept along by strong vested interests and the mood of the times. Richartd Lambert, ex editor of Financial Times and member of the Bank of England's Monetary Policy Committee