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Power Failure - The Inside Story of the Collapse of Enron-logo

Power Failure - The Inside Story of the Collapse of Enron

Mimi Swartz

"They're still trying to hide the weenie," thought Sherron Watkins as she read a newspaper clipping about Enron two weeks before Christmas, 2001. . . It quoted [CFO] Jeff McMahon addressing the company's creditors and cautioning them against a rash judgment. "Don't assume that there is a smoking gun." Sherron knew Enron well enough to know that the company was in extreme spin mode… Power Failure is the electrifying behind-the-scenes story of the collapse of Enron, the high-flying gas and energy company touted as the poster child of the New Economy that, in its hubris, had aspired to be "The World's Leading Company," and had briefly been the seventh largest corporation in America. Written by prizewinning journalist Mimi Swartz, and substantially based on the never-before-published revelations of former Enron vice-president Sherron Watkins, as well as hundreds of other interviews, Power Failure shows the human face beyond the greed, arrogance, and raw ambition that fueled the company's meteoric rise in the late 1990s. At the dawn of the new century, Ken Lay's and Jeff Skilling's faces graced the covers of business magazines, and Enron's money oiled the political machinery behind George W. Bush's election campaign. But as Wall Street analysts sang Enron's praises, and its stock spiraled dizzyingly into the stratosphere, the company's leaders were madly scrambling to manufacture illusory profits, hide its ballooning debt, and bully Wall Street into buying its fictional accounting and off-balance-sheet investment vehicles. The story of Enron's fall is a morality tale writ large, performed on a stage with an unforgettable array of props and side plots, from parking lots overflowing with Boxsters and BMWs to hot-house office affairs and executive tantrums. Among the cast of characters Mimi Swartz and Sherron Watkins observe with shrewd Texas eyes and an insider's perspective are: CEO Ken Lay, Enron's "outside face," who was more interested in playing diplomat and paving the road to a political career than in manag

"They're still trying to hide the weenie," thought Sherron Watkins as she read a newspaper clipping about Enron two weeks before Christmas, 2001. . . It quoted [CFO] Jeff McMahon addressing the company's creditors and cautioning them against a rash judgment. "Don't assume that there is a smoking gun." Sherron knew Enron well enough to know that the company was in extreme spin mode… Power Failure is the electrifying behind-the-scenes story of the collapse of Enron, the high-flying gas and energy company touted as the poster child of the New Economy that, in its hubris, had aspired to be "The World's Leading Company," and had briefly been the seventh largest corporation in America. Written by prizewinning journalist Mimi Swartz, and substantially based on the never-before-published revelations of former Enron vice-president Sherron Watkins, as well as hundreds of other interviews, Power Failure shows the human face beyond the greed, arrogance, and raw ambition that fueled the company's meteoric rise in the late 1990s. At the dawn of the new century, Ken Lay's and Jeff Skilling's faces graced the covers of business magazines, and Enron's money oiled the political machinery behind George W. Bush's election campaign. But as Wall Street analysts sang Enron's praises, and its stock spiraled dizzyingly into the stratosphere, the company's leaders were madly scrambling to manufacture illusory profits, hide its ballooning debt, and bully Wall Street into buying its fictional accounting and off-balance-sheet investment vehicles. The story of Enron's fall is a morality tale writ large, performed on a stage with an unforgettable array of props and side plots, from parking lots overflowing with Boxsters and BMWs to hot-house office affairs and executive tantrums. Among the cast of characters Mimi Swartz and Sherron Watkins observe with shrewd Texas eyes and an insider's perspective are: CEO Ken Lay, Enron's "outside face," who was more interested in playing diplomat and paving the road to a political career than in manag
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Description:

"They're still trying to hide the weenie," thought Sherron Watkins as she read a newspaper clipping about Enron two weeks before Christmas, 2001. . . It quoted [CFO] Jeff McMahon addressing the company's creditors and cautioning them against a rash judgment. "Don't assume that there is a smoking gun." Sherron knew Enron well enough to know that the company was in extreme spin mode… Power Failure is the electrifying behind-the-scenes story of the collapse of Enron, the high-flying gas and energy company touted as the poster child of the New Economy that, in its hubris, had aspired to be "The World's Leading Company," and had briefly been the seventh largest corporation in America. Written by prizewinning journalist Mimi Swartz, and substantially based on the never-before-published revelations of former Enron vice-president Sherron Watkins, as well as hundreds of other interviews, Power Failure shows the human face beyond the greed, arrogance, and raw ambition that fueled the company's meteoric rise in the late 1990s. At the dawn of the new century, Ken Lay's and Jeff Skilling's faces graced the covers of business magazines, and Enron's money oiled the political machinery behind George W. Bush's election campaign. But as Wall Street analysts sang Enron's praises, and its stock spiraled dizzyingly into the stratosphere, the company's leaders were madly scrambling to manufacture illusory profits, hide its ballooning debt, and bully Wall Street into buying its fictional accounting and off-balance-sheet investment vehicles. The story of Enron's fall is a morality tale writ large, performed on a stage with an unforgettable array of props and side plots, from parking lots overflowing with Boxsters and BMWs to hot-house office affairs and executive tantrums. Among the cast of characters Mimi Swartz and Sherron Watkins observe with shrewd Texas eyes and an insider's perspective are: CEO Ken Lay, Enron's "outside face," who was more interested in playing diplomat and paving the road to a political career than in manag

Language:

English

Narrators:

Sherron Watkins, Henry Leyva

Length:

6h 4m


Chapters

Chapter 1
Chapter 1

06:15


Chapter 2
Chapter 2

06:52


Chapter 3
Chapter 3

07:29


Chapter 4
Chapter 4

05:11


Chapter 5
Chapter 5

06:10


Chapter 6
Chapter 6

05:10


Chapter 7
Chapter 7

06:43


Chapter 8
Chapter 8

07:55


Chapter 9
Chapter 9

06:25


Chapter 10
Chapter 10

06:25


Chapter 11
Chapter 11

05:44


Chapter 12
Chapter 12

03:47


Chapter 13
Chapter 13

05:39


Chapter 14
Chapter 14

06:53


Chapter 15
Chapter 15

06:40


Chapter 16
Chapter 16

07:24


Chapter 17
Chapter 17

05:18


Chapter 18
Chapter 18

06:36


Chapter 19
Chapter 19

05:44


Chapter 20
Chapter 20

07:20


Chapter 21
Chapter 21

06:21


Chapter 22
Chapter 22

05:14


Chapter 23
Chapter 23

06:09


Chapter 24
Chapter 24

03:36


Chapter 25
Chapter 25

06:18


Chapter 26
Chapter 26

05:41


Chapter 27
Chapter 27

06:58


Chapter 28
Chapter 28

06:22


Chapter 29
Chapter 29

06:57


Chapter 30
Chapter 30

07:40


Chapter 31
Chapter 31

05:16


Chapter 32
Chapter 32

06:29


Chapter 33
Chapter 33

06:38


Chapter 34
Chapter 34

06:33


Chapter 35
Chapter 35

04:39


Chapter 36
Chapter 36

02:37


Chapter 37
Chapter 37

06:25


Chapter 38
Chapter 38

06:47


Chapter 39
Chapter 39

07:08


Chapter 40
Chapter 40

06:56


Chapter 41
Chapter 41

06:54


Chapter 42
Chapter 42

06:08


Chapter 43
Chapter 43

06:20


Chapter 44
Chapter 44

06:01


Chapter 45
Chapter 45

05:49


Chapter 46
Chapter 46

05:44


Chapter 47
Chapter 47

09:31


Chapter 48
Chapter 48

05:50


Chapter 49
Chapter 49

07:11


Chapter 50
Chapter 50

07:00


Chapter 51
Chapter 51

06:00


Chapter 52
Chapter 52

06:25


Chapter 53
Chapter 53

07:01


Chapter 54
Chapter 54

06:19


Chapter 55
Chapter 55

07:11


Chapter 56
Chapter 56

06:03


Chapter 57
Chapter 57

05:05


Chapter 58
Chapter 58

07:57