Conspiracy of Fools: A True Story

Conspiracy of Fools: A True Story By Kurt Eichenwald, Conspiracy of Fools A True Story 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 marketplac
  • Title: Conspiracy of Fools: A True Story
  • Author: Kurt Eichenwald
  • ISBN: 9780767911788
  • Page: 168
  • Format: Hardcover
  • Conspiracy of Fools: A True Story By Kurt Eichenwald, 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 tFrom 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 1990 s.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 O Neill, 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.
    Conspiracy of Fools: A True Story By Kurt Eichenwald,
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    About "Kurt Eichenwald"

    1. Kurt Eichenwald

      Kurt Eichenwald Is a well-known author, some of his books are a fascination for readers like in the Conspiracy of Fools: A True Story book, this is one of the most wanted Kurt Eichenwald author readers around the world.

    916 thoughts on “Conspiracy of Fools: A True Story”

    1. Would YOU like to cause the biggest bankruptcy in American history Sure you would Well, Enron has already gone kablooey, losing billions of dollars, throwing than 20,000 people out of work, and contributing to at least one suicide But you can use the Enron approach to management at your company by following these easy rules Don t keep track of how much money is coming in Don t keep track of when your bills are due Petty details are boooooriiiiing Reward people for getting a deal done Don t rewa [...]

    2. This book gives sobering data, while reading like a best selling mystery a bona fide page turner.The book is particularly relevant when we put the story of Enron into perspective Geo W Bush s longtime personal friendship with Enron head Ken Lay Bush s own businesses in the 1980s Arbusto and Spectrum 7 also collapsing shortly after HE sold out his personal stock numerous other financial giants coincident with Enron eg Arthur Anderson, Tyco, Worldcom, etc demonstrating the same fiscal irresponsibi [...]

    3. Very thorough and interesting account of all the myriad of things that went wrong at Enron and Arthur Anderson The culture is very familiar to me from my days in big law.

    4. Conspiracy of Fools is the fourth Enron related tale I ve read Smartest Guys in the Room, Enron The Rise and Fall, and Anatomy of Greed being the other three In it, Eichenwald does a decent job of combining the best of the three others, as if he poached some from each Conspiracy reads as a novel, combining facts and details with presumably fictional conversations The sometimes outrageous discussions between characters left me feeling that Eichenwald embellished a little too much, and at 600 page [...]

    5. A corporate culture of greed, a focus on fast profits, a few bad eggs, and a ridiculous lack of board, executive, and accounting oversight combined to turn Enron into a catastrophic failure.The most interesting thing for me was that a few Enron employees were aware of what was happening, but either didn t want to speak up, or spoke up and were ignored sometimes repeatedly While I was reading, I wondered whether the shenanigans would have been exposed earlier if data was made available to all Enr [...]

    6. It is very rare for me to give a book a 5 so the fact that I gave this one 5 stars should give a hint how much I liked it I m not sure what I found so compelling about this book but I was up late several nights reading it Even though I knew how it was going to end it was sort of like watching a disaster movie, you know it is going to turn out ugly but you still have to watch or read in this case Once things started unravelling, Eichenwald kept up the tension through devices like after an event s [...]

    7. There are occasions plane crashes, Chernobyl, Long Term Capital Management when smart, highly trained people fuck up in a way oops, my bad just won t cover I m not sure why, but I can read about that stuff endlessly I think my interest might have to do with the way it exposes gaps in our thinking Or maybe it s just prurient I don t know.Probably you re one of the 99.9% of the population that finds such things either too boring for words or slightly off putting But if you re nodding slightly to y [...]

    8. 675 pages, but the writer has a talent for telling stories,and there are hundreds of stories here Very pleasant and interesting to read But is it all true The author makes it sound like the slimey ratfink Andy Fastow was 90% to blame,and that Skilling and Lay barely knew what was going on I find that hard to believe In any case, Skilling is still in prison And CEO s are still looting companies with excessive pay and outrageous stock options.

    9. By far the best behind the scenes look at what was a very public and heavily reported event Reading this was like watching a NASCAR race where you know there will be a wreck, you re just not sure when The early chapters set the stage perfectly A company that was far lucky than skilled, filled with executives who had far confidence than talent, doing transactions they were never meant to do By the middle of the book, I was astonished at how deep the criminal activities and outright arrogance ha [...]

    10. This book presents Andy Fastow, Enron CFO, as the principal architect behind the fall of Enron, diminishing the legitimacy of the US financial institution, feeding the CA energy crisis and international problems, specifically in India and Latin America.Fastow created accounting entities which were used to hide Enron debt He initially named himself the owner of these entities and got the board to dismiss any conflicts of interest He then played loose with accounting rules and received required 3% [...]

    11. This is a long book almost 700 pages but an easy read Everyone knows the story of Enron from the anecdotes, and I ve read a few other books on the subject, but this is by far the best and most complete It does a great job of tracing how some minor decisions years earlier to use mark to market accounting, to form off balance sheet entities that really weren t, managed by Andy Fastow, who probably shouldn t have been managing a McDonalds led to it s ultimate collapse.The Conspiracy of Fools title [...]

    12. If Shakespeare was alive, he would have stolen this book s plot and written a play The Tragical Death of Enron It s got it all.An aging ruler must choose his successor a boring, responsible guy or an exciting, dashing, brilliant risk taker He chooses the risk taker But although his successor is exciting and bold, he lacks the inner strength and moral compass to guide the kingdom Things quickly start to go wrong, so he chooses a clever man to look after the kingdom s money one he knows will cheat [...]

    13. The whole book was remarkably well done I ve never read a non fiction book that feels like a great fiction narrative.I believe this story should be mandatory for every MBA student s graduation For the non business nerds, it is still a fascinating look at the inner workings of corporate greed to an extreme level Very well written.

    14. Should be required reading for anyone in love with the unfettered free market But why is Andy Fastow not still in jail And is Ken Lay really dead And what do Dick Cheney, Karl Rove, Trent Lott and Phil Gramm have in common Oh yeah, they re all scumbag Republicans and they all loved Enron.The book explains why, when asked to find a VP for Bush, Cheney only came up with his own name it s because he and Karl Rove were too busy sucking up to Ken Lay at the time to do any research.

    15. Very easy to read and understand The author goes to great lengths to explain the mechanism behind the various schemes Enron utilized in order to fake their profits.Highly recommended.

    16. This book was excellent I had never read any literature in the genre of business before, and this book was a great introduction My favorite part of this book was the section detailing the fake charitable organization that was the Fastow Family fund I found that it quite literally was for the family.

    17. You may have heard of the collapse of Enron, a massive energy conglomerate that went bankrupt in the early 2000 s There have been several books, articles and documentaries that covered the event This book by Kurt Eichenwald not only provides the most authoritative behind the scenes look at what unfolded, but is also one of the best business books written in the last 20 years.This book most reminded me of Too Big to Fail, another great book that covered a subsequent event, the financial crisis of [...]

    18. I loved The Informant and have been excited to read this for a while I was surprised to find that this was a far less salacious story I figured the strip clubs and out of control expense accounts would factor in prominently and it gets barely a mention It was a story about management than scandal But for that reason, it is meatier and nuanced story It is not a morality tale at all Eichenwald s style of rebuilding sworn testimony into a narrative takes some getting used to You get some scenes l [...]

    19. I can t believe how many pages I slogged through for absolutely no reason What a waste of 784 perfectly good pieces of paper First of all, let me say that I generally mistrust nonfiction books that have so much dialog, particularly when it stretches back into the 1980s Seriously, did everyone involved have such photographic memories And, while Eichenwald does a whole thing at the beginning about what is and isn t true to life, it still felt weird Not, however, as weird as the many comments along [...]

    20. Wow, I ve been reading this one almost non stop I could not get myself to put it away.The enormous spending of corporate funding, the way the exec s are looking the other way, the numerous ways where Enron could have taken another road away from bankruptcy , the way the characters play together to create this huge chunk of corporate mischief, I loved it The book reads very easily if you have some feeling of accounting or finance, next to that there are a lot of characters involved but they re in [...]

    21. I listened to this book on CD.Another pleasant surprise I don t usually read books about business but was intrigued by what I remember of the ENRON story Saw the 25 CD colossus on the shelf in the library and picked it up, figuring it would be interesting or deadly Better, it was fascinating Read like a mystery thriller but also gave real insight into the mess a business can be and the human frailties of the people who run and participate in businesses I was thoroughly absorbed in the story, fin [...]

    22. The Enron story remains the same, no matter how many times it s retold In matters of style, at least, Conspiracy of Fools trumps the other books on the subject Critics pens dangle like swords of Damocles over the cinematic scenes that are central to the book s appeal Can dialogue be recounted so accurately after 20 years of echoes Maybe not But 40 pages of detailed source notes buy Eichenwald some relief from the red ink There are nitpicks Enron executive Andrew Fastow comes across as a less rou [...]

    23. Enron at the end of the 20th century became a breeding ground for probably the most complex business scandal in history, but Eichenwald expertly breaks it all down puts it in highly readable perspective He explains in detail how an old school pipeline company grew into a multi billion dollar game of Three card Monte, and how a handful of journalists second string market analysts finally began to uncover the scam At the same time, he never takes his eye off the personalities behind it all the way [...]

    24. This is an eye opening book I learned so much about the way capitalism works and about how dumb smart people can be It is mind boggling The journalistic writing style makes it quite readable Sometimes the shift in emphasis with out any written transition is sometimes confusing The details of meetings and lives including rides in elevators and descriptions of luxury hotels adds a lot of color and enhances the feeling of a well told story not just a piece of factual reporting The details of the st [...]

    25. This book was awesome It s a nonfiction book about the Enron scandal that reads like a suspense novel I could hardly put it down It was amazing to me just how much Enron was able to get away with before the whole house of cards came crashing down.I had to read some of the technical stuff than once to understand it, but even getting just the gist of it was fine Taking the time to understand the sleights of hand that occurred makes the whole thing even amazing, however.Great book on a fascinatin [...]

    26. The countries best business writer, who also wrote the amazing The Informant gives the definitive account of what happened at Enron The accounting explanations in here can get a little hairy because what was going inside Enron s accounting was pretty bizarre but it is still a fascinating read I don t know what is bizarre, that these dudes thought they could get away with what was basically an elaborate shell game, or that they did get away with an elaborate shell game for so long If you re into [...]

    27. Let me start by saying that, if i remember right, i cheated cried my way through all finance and accounting classes i had to take in college I m not upset by that now, because those classes sucked and i am stupid Nothing to argue with so far.So there is no f ing reason for me to read or even go near this book Especially when i remember watching the enron documentary in college and falling asleep in class and hating my life so when i found it at my grandfathers house.fysh i m bored already and re [...]

    28. wow, the story is a little played by now, but the writing is fantastic The smoke and mirror details of how a handful of men destroyed a fortune 100 company and took millions of investors down with them I have liked everything I have read from eichenwald I am hoping for corporate scandals just on the chance that they result in of his books.

    29. I would never think I d enjoy a book about Enron so much Actually, if you asked me what would make a boring book topic, Enron would probably be in the top five But this book is definitely not boring I have to agree with what I ve seen other commenters say that this book is so well written, it reads like like a novel than non fiction.

    30. Difficult to overstate how much substantial this book is compared with the many quickie business expose s out there Published in 2005 Wonder if Eichenwald is working on a book about the Dastardly Derivatives Debacle.

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