The Smartest Person in the Room: The Whole Story of the Enron Bankruptcy

Author: (USA) Michael Lewis
Publisher:
Publish Date: 2007-02-01
Features: At the end of 2001, Enron, an energy giant headquartered in Houston, suddenly collapsed at its peak, triggering a domino effect of corporate scandals in the United States and ending the longest bull market in Wall Street history. Once hailed as the "greatest company in the world," Enron is now a symbol of all the mistakes made by American companies. The bankruptcy of Enron did not just mark the demise of a company but also the end of an era. There have been more than a dozen books written about Enron's rise and fall, but none have been detailed or authoritative enough. Until now, the two senior writers of the most authoritative Fortune magazine in the United States have submitted their "homework": as the earliest analysts and journalists to publicly question the company's transactions, the two authors spent 16 months conducting in-depth investigations and detailed interviews to finally complete this book. As the book states, "No matter how much you know about Enron, the facts revealed in this book will shock you." The entire book reads grand and exhilarating, offering a thorough analysis of major events supported by vivid and authentic details. It provides an objective and profound report on Enron's journey from rapid rise to complete collapse. The narrative not only embodies the neutral precision of a journalist and the rigorous wisdom of a financial analyst but also occasionally reveals a unique complex emotion of an American toward this event.