Pipe Dreams by Robert Bryce

Pipe Dreams by Robert Bryce

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Summary

After the collapse of Enron in autumn 2001 came disclosures about its unethical deals, offshore accounts and accounting irregularities. This book traces Enron's transformation from a small regional gas pipeline company into an energy Goliath, and then tracks how and why it began to go rotten.

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Pipe Dreams by Robert Bryce

After the shocking collapse of Enron in fall, 2001 came an equally shocking series of disclosures about how America's seventh-largest company had destroyed itself. There were unethical deals, offshore accounts, and accounting irregularities. There were Wall Street analysts who seemed to have been asleep on the job. There were the lies top executives told so that they could line their own pockets while workers and shareholders lost billions. But after all these disclosures, the question remains: Why? Why did a thriving, innovative company with rock-solid cash flow and reliable earnings suddenly flame out in a maelstrom of corruption, fraud and skulduggery? The answer, Texas business journalist Robert Bryce reveals in this incisive and entertaining book, is that bad business practices begin with human beings. Pipe Dreams traces Enron's astounding transformation from a small regional gas pipeline company into an energy Goliathand then tracks step-by-step, business decision by business decision, extra-marital affair by extra-marital affair, how, when and why the culture of Enron began to go rotten, and who was responsible. The story of Enron's fall isn't just a story about accounting procedures; it's a story about people. Bryce tells that story with all the personality, passion, humor, and inside dope you'd hope for, and the result is an un-putdownable read in the tradition of Barbarians at the Gate and The Predators' Ball.
Robert Bryce spent twelve years as a reporter for the Austin Chronicle and was recentl y a senior writer at Interactive Week, with extens ive experience covering the energy and telecommuni cations industries. His articles have appeared in The New York Times, The Christian Science Monitor, Texas Monthly, U.S. News & World Report, Salon, a nd other publications. He lives in Austin, Texas.
SKU Unavailable
ISBN 13 9781586481384
ISBN 10 158648138X
Title Pipe Dreams
Author Robert Bryce
Condition Unavailable
Binding Type Hardback
Publisher PublicAffairs,U.S.
Year published 2002-10-09
Number of pages 416
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
Note Unavailable