Continuing with book reviews:
"Power Failure - The Inside Story of the Collapse of Enron"
10 years after the fall of Enron, the story still has a powerful hold upon Houstonians. Enron was a company of almost mythical proportions in the city and Ken Lay (now deceased) and Jeff Skilling (serving a long jail sentence) mythical figures in themselves.
Personally, Enron meant a lot. I worked for a law firm at the time which was located directly across from the Enron building. I remember the parties during the summer that Enron would have on the green space separating our buildings. Later, I worked for a firm that represented Sherron Watkins, the Enron whistleblower that brought down the organization, and the author of this book.
"Power Failure" is an excellent book and highly recommended. Ms. Watkin's insider details lets us know her story as she began to discover, once again almost by accident, the fact that Enron was, in and of itself, a massive Ponzi scheme. 10 years ago, this shook the foundations of corporate America. Now, unfortunately, this same story has repeated itself time and again. "Enron" itself has become a verb to describe a Ponzi scheme of massive proportions.
The book is even more relevant today than when it was written. Ms. Watkin's observations on human deception and the need sometimes to look away when the truth is too painful, as happened time and again within Enron, demonstrate how con artists and fraud scammers prey upon our all-too human weaknesses.
"Power Failure - The Inside Story of the Collapse of Enron"
10 years after the fall of Enron, the story still has a powerful hold upon Houstonians. Enron was a company of almost mythical proportions in the city and Ken Lay (now deceased) and Jeff Skilling (serving a long jail sentence) mythical figures in themselves.
Personally, Enron meant a lot. I worked for a law firm at the time which was located directly across from the Enron building. I remember the parties during the summer that Enron would have on the green space separating our buildings. Later, I worked for a firm that represented Sherron Watkins, the Enron whistleblower that brought down the organization, and the author of this book.
"Power Failure" is an excellent book and highly recommended. Ms. Watkin's insider details lets us know her story as she began to discover, once again almost by accident, the fact that Enron was, in and of itself, a massive Ponzi scheme. 10 years ago, this shook the foundations of corporate America. Now, unfortunately, this same story has repeated itself time and again. "Enron" itself has become a verb to describe a Ponzi scheme of massive proportions.
The book is even more relevant today than when it was written. Ms. Watkin's observations on human deception and the need sometimes to look away when the truth is too painful, as happened time and again within Enron, demonstrate how con artists and fraud scammers prey upon our all-too human weaknesses.
NOTE: THE INFORMATION IN THIS BLOG IS NOT LEGAL ADVICE NOR IS IT INTENDED TO BE LEGAL ADVICE. IF THE READER HAS ANY LEGAL QUESTIONS, PLEASE REFER TO AN ATTORNEY.
Have a great and fraud-free day.
----------à>>>>>>>>>>>>>>>gene tausk
