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Conspiracy of Fools
Conspiracy of Fools: A True Story | Kurt Eichenwald
3 posts | 4 read | 2 to read
From an award-winning New York Times reporter comes the full, mind-boggling story of the lies, crimes, and ineptitude behind the spectacular scandal that imperiled a presidency, destroyed a marketplace, and changed Washington and Wall Street forever . . . It was the corporate collapse that appeared to come out of nowhere. In late 2001, the Enron Corporation--a darling of the financial world, a company whose executives were friends of presidents and the powerful--imploded virtually overnight, leaving vast wreckage in its wake and sparking a criminal investigation that would last for years. But for all that has been written about the Enron debacle, no one has yet to re-create the full drama of what has already become a near-mythic American tale. Until now. With Conspiracy of Fools, Kurt Eichenwald transforms the unbelievable story of the Enron scandal into a rip-roaring narrative of epic proportions, one that is sure to delight readers of thrillers and business books alike, achieving for this new decade what books like Barbarians at the Gate and A Civil Action accomplished in the 1990s. Written in the roller-coaster style of a novel, the compelling narrative takes readers behind every closed door--from the Oval Office to the executive suites, from the highest reaches of the Justice Department to the homes and bedrooms of the top officers. It is a tale of global reach--from Houston to Washington, from Bombay to London, from Munich to Sao Paolo--laying out the unbelievable scenes that twisted together to create this shocking true story. Eichenwald reveals never-disclosed details of a story that features a cast including George W. Bush, Dick Cheney, Paul ONeill, Harvey Pitt, Colin Powell, Gray Davis, Arnold Schwarzenegger, Alan Greenspan, Ken Lay, Andy Fastow, Jeff Skilling, Bill Clinton, Rupert Murdoch and Sumner Redstone. With its you-are-there glimpse into the secretive worlds of corporate power, Conspiracy of Fools is an all-true financial and political thriller of cinematic proportions. From the Hardcover edition.
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Vivlio_Gnosi
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Hands down one of the best books I've ever read. Engaging and sucks you in the whole time. Cannot say enough about how well written it is.
#nonfiction #Enron #business #GreenvilleSC

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Purrsistently
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Ooh look, the part where my family got hit. (My dad worked for Arthur Andersen, I was in second grade when this down and remember being hauled out for a demonstration of all the kids who would be thrown under the bus if the company couldn't be saved. Welp.

Purrsistently I'm not sure why I thought it would be fun to read about twerp enron accountants who all get $250,000 *bonuses* in 1980s money for sowing the seeds of the destruction of my family having any modest financial security. 5y
Purrsistently Or the CFO who was a disaster but they KEPT ON PAYROLL even after replacing him with another CFO who also gets an astronomical salary because you wouldn't want your worthless friends to have to actually work for their millions. This book may turn me into a communist. 😹 (edited) 5y
Purrsistently My God. Pretty sure these twerps could feed and house all our homeless veterans with just the money they throw about to placate their most useless employees who were actually harming the company. 5y
See All 13 Comments
cariashley 🤭 that‘s awful. And infuriating. My husband‘s company went under because of Bernie Madoff so I‘ve been there - fuck financial corruption! 5y
Eggbeater I am so sorry your family fell prey to these people. It is enough to turn anybody away from capitolism. 5y
Purrsistently @cariashley cheers to that! And sorry, that sucks. 5y
Chrissyreadit I‘m very much a democratic socialist who believes in small local business over mega billion corporations. I may be a dreamer but I‘m furious that ethics and morals are not part of a business structure. 5y
cariashley @Purrsistently thank you. We were very lucky - it was early in his career, I had a steady job and we didn‘t have a family to support. I shudder to think of all the people who weren‘t so lucky. 5y
Purrsistently @Chrissyreadit yeah❤️ this story is so gross. I'm not sure I can take 700 pages of it😬 5y
Purrsistently @cariashley ❤️❤️❤️we were lucky in that my dad was just a programmer who worked on their techy stuff and his whole dept was purchased by another company so at least he had *A* job afterward but nowhere he's worked since ever treated its lower level employees as kindly as AA did and certainly didn't respect work/life balance on the same plane at all. 5y
Purrsistently AA told him he'd be fired if he didn't stay home with his post partum wife when she had each of us no matter what the company had going on that week. They treated people like human beings. 5y
IReadThereforeIBlog Sorry to hear this. I knew a number of people who worked for AA and they spoke highly of it as an organisation. A lot of advisory firms got sucked into the Enron b-s at that time (I was working at a firm that desperately wanted to work for it but luckily never made the cut). 5y
Purrsistently @Quippe I'm glad you dodged the bullet! 5y
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BrynnFlynn

My husband keeps listening to a narrative account of Enron. Are there any fiction books that have a similar crime drama/mystery feel he might like? I desperately need him to read or listen to something else.