Enron : The Conspiracy Of Fools Essay

1650 WordsDec 4, 20167 Pages
The word “fraud” was magnified in the business world around the end of 2001 and the beginning of 2002. No one had seen anything like it. Enron, one of the country’s largest energy companies, went bankrupt and took down with it Arthur Andersen, one of the five largest audit and accounting firms in the world. Enron was followed by other accounting scandals such as WorldCom, Tyco, Freddie Mac, and HealthSouth, yet Enron will always be remembered as one of the worst corporate accounting scandals of all time. Enron’s collapse was brought upon by the greed of its corporate hierarchy and how it preyed upon its faithful stockholders and employees who invested so much of their time and money into the company. Enron seemed to portray that the goal of corporate America was to drive up stock prices and get to the peak of the financial mountain by any means necessary. The “Conspiracy of Fools” is a tale of power, crony capitalism, and company greed that lead Enron down the dark road of corporate America. When I was first deciding on what book I wanted to read, I came across a review for Kurt Eichenwald’s “Conspiracy of Fools” and I was intrigued. I was always interested in the Enron story and wanted to learn more about it, yet what I failed to research when I bought the book was how many pages it was. So I was surprised when I opened the package to see that the book was 675 pages long. Normally this would not be a big deal, but for someone who is taking five classes and working 24 hours

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