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Enron Corporation: Difference between revisions
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{{g}}One of the great, bestest corporate scandals of them all, because — with the exception of a couple of short-sellers and a determined junior journalist (step forward the awesome Bethany McLean) — ''no-one'' saw this coming. | {{|g|[[File:Enron-stock-chart.gif|450px|thumb|center|A champagne supernova, yesterday. Courtesy of [https://www.begintoinvest.com/enron-stock-chart/ begintoinvest.com]]]}}One of the great, bestest corporate scandals of them all, because — with the exception of a couple of short-sellers and a determined junior journalist (step forward the awesome Bethany McLean) — ''no-one'' saw this coming. | ||
So when, freshly bruised by the latest dumpster fire, you compile and update your [[risk taxonomy]] to be prepared for the next one, consider how everyone missed Enron. It isn’t like they missed the red flags. They were all there in plain sight. ''They just didn’t think they were red flags''. | So when, freshly bruised by the latest dumpster fire, you compile and update your [[risk taxonomy]] to be prepared for the next one, consider how everyone missed Enron. It isn’t like they missed the red flags. They were all there in plain sight. ''They just didn’t think they were red flags''. | ||
With a hat-tip to the [[You’re wrong about...]] podcast, consider this Enron-lionising piece from | With a hat-tip to the [[You’re wrong about...]] podcast, consider this Enron-lionising piece from [https://www.chron.com/business/article/Enron-Making-of-the-Market-maker-2013245.php the Houston Chronicle datelined 15 April 2001] less than eight months from its spectacular bankruptcy on December 3, 2001. Among the things that now would set your hooters off, but the world in April 2001 thought was pretty cool about Enron, was: | ||
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*[[Enron ron]] | *[[Enron ron]] | ||