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Power Failure

The Inside Story of the Collapse of Enron

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Power Failure

Written by: Mimi Swartz, Sherron Watkins
Narrated by: Henry Leyva
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About this listen

 From inside the walls of Enron, a lone whistleblower attempted to avert the course of events leading to the largest bankruptcy in American history. On August 16, 2001, Sherron Watkins wrote an anonymous letter to Enron's Chairman, Ken Lay, laying out problems with Enron's use of partnerships to hide debt. She warned of a possible scandal that could topple the company if investors and the news media learned of the operations. Then, she revealed her identity and confronted Lay directly. Lay did nothing, and the scandal broke, sending Enron's stock price into the basement and wiping out the life savings of many thousands of people. Hear how Enron's culture of greed and the relentless cutting of moral corners led to the ultimate disaster, as told by an insider.©2003 Mimi Swartz (P)2003 Random House, Inc. Random House Audio, a division of Random House, Inc. Corporate & Public Finance Law Management & Leadership Political Science Politics & Government Small Business & Entrepreneurship Business Corporate United States
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What the critics say

"Swartz paints the most detailed portrait yet of the company's ambitious executives and toxic culture." (Business Week)
"The book offers particularly strong perspective on some of Enron's wilder escapades... It does a stunning job of chronicling the power games within Enron." (Publishers Weekly)
"Riveting to the reader who knows that Enron ended in bankruptcy but has no knowledge of what life was like inside the organization." (New York Times Book Review)

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