The Smartest Guys in the Room
The Smartest Guys in the Room
Bethany McLean
Warren Buffett
Warren Buffett recommended this book in his 2003 Annual Letter.
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The Smartest Guys in the Room

The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron

Bethany McLean
By
Bethany McLean
4.2
25233
ratings on Goodreads

In the labyrinth of corporate America, where fortunes are made and lost with the blink of an eye, the story of Enron stands as a towering cautionary tale. "The Smartest Guys in the Room" by Bethany McLean delves deep into the heart of the scandal that rocked the financial world, offering an unparalleled examination of ambition, greed, and the profound consequences of corporate malfeasance. Through meticulous research and gripping narrative, McLean exposes the complex mechanisms and moral failings that propelled Enron from the pinnacle of success to the depths of infamy. With vivid character portraits of the key players, from Ken Lay's charismatic leadership to Jeff Skilling's ruthless pursuit of profit and Andy Fastow's financial wizardry, this book unravels the twisted web of deceit that lay behind one of the greatest financial disasters in American history. Beyond the saga of Enron's rise and fall, "The Smartest Guys in the Room" serves as a mirror reflecting the dark underbelly of the American dream. It's a tale that traverses beyond the confines of a single corporation, touching upon the broader themes of power, ethical bankruptcy, and the perilous intersection of human frailty and systemic failure. McLean's narrative is not just an account of a business scandal; it is a compelling chronicle of human drama, a study in the psychology of greed, and an indictment of a culture that celebrates success at any cost. As the definitive book on the Enron scandal, it stands as both a testament to investigative journalism and a warning for future generations about the dangers of hubris and the eternal need for accountability and transparency in the business world.

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Released
2003
1 Jan
Length
440
Pages

1

recommendations

recommendation

Warren Buffett recommended this book in his 2003 Annual Letter.
Say you have a dog, but you need to create a duck on the financial statements. Fortunately, there are specific accounting rules for what constitutes a duck: yellow feet, white covering, orange beak. So you take the dog and paint its feet yellow and its fur white and you paste an orange plastic beak on its nose, and then you say to your accountants, ‘This is a duck! Don’t you agree that it’s a duck?’ And the accountants say, ‘Yes, according to the rules, this is a duck.’ Everybody knows that it’s a dog, not a duck, but that doesn’t matter, because you’ve met the rules for calling it a duck.
— Bethany McLean, The Smartest Guys in the Room

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