Review by Choice Review
This volume reports the corporate history of Enron, from its founding (July 1985) through its financial euphoria (August 2000, share price high of $90), to bankruptcy (December 2001) and beyond (the Arthur Andersen trial; an executive's guilty plea in August 2002). Fox, a business writer and editor, wrote this "independent examination" without Enron's assistance. He covers many of Enron's financial activities (the special purpose entities used to inflate earnings and conceal debt, e.g., LJM1 and 2, Raptors, Chewco, JEDI) and business activities (transmission and/or trading in gas, electricity, water, fiber networks, bandwidth). Explanations are very clear (the reader need not be a CPA), yet quite detailed. This book is more detailed than Peter Fusaro and Ross Miller's, What Went Wrong at Enron (CH, Feb'03), less sensational than Robert Bryce's Pipe Dreams: Greed, Ego, and the Death of Enron (CH, Feb'03), and more thoughtful than either. This is the best of the three for library acquisition, and the one that this reviewer will be using for his industrial organization class. ^BSumming Up: Highly recommended. General readers; students, lower-division undergraduate and up; and faculty and professionals. R. A. Miller Wesleyan University
Copyright American Library Association, used with permission.
Descriptive content provided by Syndetics™, a Bowker service.