“Enron was becoming a virtual cult of creativity, often placing swagger over substance. New ideas were celebrated for their newness, for their potential; tried and true businesses like the pipelines were almost derided.”
― Conspiracy of Fools
― Conspiracy of Fools
“You cannot argue stupidity, you just have to accept it patiently as one of those things.”
― Round the Bend
― Round the Bend
“Kaminski plunged ahead. "I am not going to sign off on anything related to the Raptors," he said. "And I don't care if I'm fired for it."
Buy raised a hand. "Whoa, wait a minute, I don't think you'll be fired," he replied quickly. "Now that Skilling's gone, we have a different mantra in Enron."
He looked Kaminski in the eye. "We're expected to be honest", he said.
p.525”
― Conspiracy of Fools
Buy raised a hand. "Whoa, wait a minute, I don't think you'll be fired," he replied quickly. "Now that Skilling's gone, we have a different mantra in Enron."
He looked Kaminski in the eye. "We're expected to be honest", he said.
p.525”
― Conspiracy of Fools
“Excuse me, Ben," Bowen said. "Am I wrong, or aren't you the corporate treasurer?"
Glisan bristled. "Yes."
"What do you mean, you think you can get one?" Bowen shot back. "This is the current fucking maturities schedule! Go get it. You have to have a maturities schedule!"
But they didn't. With all the focus on deals and earnings- with finance group's transformation into a profit center rather than a division to support the business- the workday, boring details had been sloughed off.
p. 560”
― Conspiracy of Fools
Glisan bristled. "Yes."
"What do you mean, you think you can get one?" Bowen shot back. "This is the current fucking maturities schedule! Go get it. You have to have a maturities schedule!"
But they didn't. With all the focus on deals and earnings- with finance group's transformation into a profit center rather than a division to support the business- the workday, boring details had been sloughed off.
p. 560”
― Conspiracy of Fools
“A eureka moment. It suddenly struck Mintz as so obvious. The executives entrusted with reviewing all of the LJM transactions- Causey, Buy, the board- approached their duties casually, giving everything just the onceover. They seemed to figure that somebody else was doing the tough analysis. But no one was.
p.389”
― Conspiracy of Fools
p.389”
― Conspiracy of Fools
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