Once upon a time, Enron was a stable, profitable company with some of the best energy assets in the world. But in the 1990s, the company changed.
Surely you've heard about some of Enron's convoluted deals and nefarious accounting practices. But what hasn't been explained is Why/ Why did this once-thriving, innovative company with rock-solid cash flow suddenly implode? The answer, Texas business journalist Robert Bryce reveals in this incisive and entertaining book, is that bad business practices begin with human beings.
Pipe Dreams is not your typical boring business book. It's gossipy, funny, irreverent analysis of Why Enron Failed. It traces Enron's transformation from a small regional gas pipeline company into an energy Goliath...and then tracks step-by-step, his business decision by decision, extra-marital affair by extra-marital affair, how Enron's leaders were corrupted.
Pipe Dream tells the inside story of the greed, sex, and excess that strangled the seventh-largest corporation in America. Pipe Dreams explains how Enron destroyed itself by ignoring basic rules of business management and by spending money as if they were minting it.Did you know Enron bought a Gulfstream jet costing $41.6 million less than nine months before going bankrupt?
If you want to understand the recent wave of financial scandals ravaging the global economy and people's lives and livehoods-then you need to understand what happened at Enron.