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Conspiracy of Fools: A True Story
by Kurt Eichenwald (Goodreads Author)
by Kurt Eichenwald (Goodreads Author)
I also read "The Informant" by the same author and enjoyed the book so much that I wanted to read other books by Kurt Eichenwald. This book has not disappointed me. The same detailed meticulous writing and a story that takes so many unexpected turns. Reading this book made me also reflect on my own work place. Unfortunately more than once I found myself drawing links.
This book is an impressive undertaking. More than 650 pages, which are the result of many hours of thorough work and extensive research.
This book is an impressive undertaking. More than 650 pages, which are the result of many hours of thorough work and extensive research.
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Quotes Taly Liked
“Enron was becoming a virtual cult of creativity, often placing swagger over substance. New ideas were celebrated for their newness, for their potential; tried and true businesses like the pipelines were almost derided.”
― Kurt Eichenwald, Conspiracy of Fools: A True Story
― Kurt Eichenwald, Conspiracy of Fools: A True Story
“Enron would keep its unearned windfall, generated solely because David Duncan didn't know what he was doing.”
― Kurt Eichenwald, Conspiracy of Fools: A True Story
― Kurt Eichenwald, Conspiracy of Fools: A True Story
“...Fastow had found someone trusting and pliable.
Fastow wanted a pupet, Bowen concluded, and he already controlled Ben Glisan's strings.
p.338”
― Kurt Eichenwald, Conspiracy of Fools: A True Story
Fastow wanted a pupet, Bowen concluded, and he already controlled Ben Glisan's strings.
p.338”
― Kurt Eichenwald, Conspiracy of Fools: A True Story
“A eureka moment. It suddenly struck Mintz as so obvious. The executives entrusted with reviewing all of the LJM transactions- Causey, Buy, the board- approached their duties casually, giving everything just the onceover. They seemed to figure that somebody else was doing the tough analysis. But no one was.
p.389”
― Kurt Eichenwald, Conspiracy of Fools: A True Story
p.389”
― Kurt Eichenwald, Conspiracy of Fools: A True Story
“In a market, preceptions could be as important as reality.
p.403”
― Kurt Eichenwald, Conspiracy of Fools: A True Story
p.403”
― Kurt Eichenwald, Conspiracy of Fools: A True Story
“Kaminski plunged ahead. "I am not going to sign off on anything related to the Raptors," he said. "And I don't care if I'm fired for it."
Buy raised a hand. "Whoa, wait a minute, I don't think you'll be fired," he replied quickly. "Now that Skilling's gone, we have a different mantra in Enron."
He looked Kaminski in the eye. "We're expected to be honest", he said.
p.525”
― Kurt Eichenwald, Conspiracy of Fools: A True Story
Buy raised a hand. "Whoa, wait a minute, I don't think you'll be fired," he replied quickly. "Now that Skilling's gone, we have a different mantra in Enron."
He looked Kaminski in the eye. "We're expected to be honest", he said.
p.525”
― Kurt Eichenwald, Conspiracy of Fools: A True Story
“Excuse me, Ben," Bowen said. "Am I wrong, or aren't you the corporate treasurer?"
Glisan bristled. "Yes."
"What do you mean, you think you can get one?" Bowen shot back. "This is the current fucking maturities schedule! Go get it. You have to have a maturities schedule!"
But they didn't. With all the focus on deals and earnings- with finance group's transformation into a profit center rather than a division to support the business- the workday, boring details had been sloughed off.
p. 560”
― Kurt Eichenwald, Conspiracy of Fools: A True Story
Glisan bristled. "Yes."
"What do you mean, you think you can get one?" Bowen shot back. "This is the current fucking maturities schedule! Go get it. You have to have a maturities schedule!"
But they didn't. With all the focus on deals and earnings- with finance group's transformation into a profit center rather than a division to support the business- the workday, boring details had been sloughed off.
p. 560”
― Kurt Eichenwald, Conspiracy of Fools: A True Story
