Enron

The water deal in south America went bad because the employees that already worked there learned they were being let go, so they destroyed all the customer information. They didn't know who to bill. Then there was that mall explosion in Puerto Rico that they were responsible for because the employees didn't know how to calibrate the gas detectors. Then that failed power plant in India. This company failed at everything, how could you work there and not wonder how the company stayed in business?

Very impressive and thorough review of events. I didn’t expect to finish this whole thing in one go but before I knew it it was coming to a close. I especially liked the description of the main folks in charge. Both in their public demeanor before and after Enron as well as education background. Incredibly underrated channel. This content should have substantially more views.

This is one of the best podcasts, if not the best. so informative. i can't believe it has approx. 1.5k views, should be in hundreds of thousands, if not millions. so well done. both speakers are so well researched, knowledgeable and have a unique way of speaking. I am a fan for life. can't believe I didn't know this podcast existed just a week ago. so many peeps looking to get more info into what was going at FTX and this is a perfect idea to explain just that!!

Fantastic review of the Enron case. Thank you for putting this together and allowing us to listen. I will say that I wish there were more photographs and footage of Enron and its executives -- especially Lay, Skilling, Fastow, et al. -- from before the Company’s collapse. 99% of what’s out there comprises photos and interviews from after the collapse, especially from the trial period. Anyway, side rant over. Best wishes.

What's the difference between California and the Titanic? The Titanic had its lights on when it sank.😂

The Fundrise scandal began with whistleblowers and concerned investors raising allegations of misconduct and questionable practices within the platform. These allegations ranged from misrepresentation of investment opportunities to potential conflicts of interest involving Fundrise executives.

This is really well done - than you guys! I listened to the whole thing and it was captivating.

Andersen Consulting Split from Arthur Andersen way before the enron bankruptcy. They began splitting in 1989. The final split happened in 2000. They rebranded in early 2001.

I haven't finished listening yet but hope you answer...Is mark to market accounting still legal / allowed?

Invest in the best companies, you say? There was a time when ENRON was a so-called "best" company. Oh. And, people generally do not learn from history. Ask questions? Ask what questions? Who knows what questions? The first question to ask is "what questions should we ask?"

Love this channel, podcast. Would you do an ep about the big 4? 🎉

Really enjoyed this. Will be listening to your other content at work. Thoroughly recommend the book 'Smartest guys in the room' and the book by Brian Cruver - adapted to a TV film called "the crooked E" available on YouTube. I'm fascinated by what makes otherwise smart founders, CEOs, and executives.cross the line either in terms of risk, morality or legality. When you're worth 10s of millions legitimately I don't see the upside from taking risks that will wipe you out, or worse ruin your reputation and end up with a trip to club fed.

I think it is interesting to think if Enron had decided to offer dividends for shareholders, if Enron would still be around, or at least had been around longer than their 2001 demise. Because shareholders would act like some of the greedy executives of the company, they would turn a blind eye as long as the dividend check was good.

this should be fun😃

A few minor misses but overall a great podcast about a confluence of bad stuff. Get a bunch of people together who have bad intentions and zero moral compass and there you go.

No video?!

Your reluctance to use a “curse word”gave me the ick. Feels immature. I promise there are no 7 year olds watching this 3.5 hr long video on the fall of Enron.