Conspiracy of Fools: A True Story by Kurt Eichenwald

Conspiracy of Fools: A True Story - Kurt Eichenwald

A political and financial thriller, a page turner....and it's non-fiction. Eichenwald shows, rather than tells, the rise of a little known or respected oil and gas pipeline company named Enron into the behemoth that was destroyed by incompentence, greed, mismanagement, and utter willful ignorance. This is a long book, but I didn't notice as I flew through chapter after chapter (675 pages of text, the rest is source notes and index). 

 

And yet there were people inside both Enron and Arthur Andersen who saw what was going on, turned on the lights and sirens, and got crapped on repeatedly. Those folks are doing okay (some doing better than okay) and are vindicated at the end. Surprisingly, 9/11 and the economic fall out from it only played a small part in kicking off the panic that led to the bankruptcy - so Enron and Arthur Andersen were doomed by their own employees to go down in flames. 

 

Such a great read. Highly recommend.