24 Days: How Two Wall Street Journal Reporters Uncovered the by Rebecca Smith, John R. Emshwiller PDF

By Rebecca Smith, John R. Emshwiller

ISBN-10: 0060520736

ISBN-13: 9780060520731

ISBN-10: 0060520744

ISBN-13: 9780060520748

ISBN-10: 0061350605

ISBN-13: 9780061350603

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Extra info for 24 Days: How Two Wall Street Journal Reporters Uncovered the Lies that Destroyed Faith in Corporate America (2003-2004)

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Fleischer went on to point out that “part of the criticism for Enron is that it has so little transparency” about its finances and operations. A March story in Fortune magazine by reporter Bethany McLean had raised that very issue. ” and went on to criticize the company’s “complex businesses” and “nearly impenetrable” financial statements, likening the entire operation to a “black box” with a very high stock price. Red Sky Warning 33 “I think the company is trying to give more transparency,” said Fleischer.

One night at a gala charity event in Houston, Olson found himself across a table from Jeff Skilling. When are you finally going to put out a strong buy on our stock? Skilling asked Olson with a smile. Olson smiled back with a shrug, hoping to sidestep the awkward question. A few moments passed. When are you going to put out a strong buy on our stock? Skilling asked again, only this time it sounded to Olson as though the Enron president were snarling. “Jeff, I’m just a bargain hunter,” Olson replied.

About three weeks after Lockyer’s quote appeared in the Journal, the Enron president fired back. In a speech at an industry conference in Las Vegas, Skilling asked: What’s the difference between California and the Titanic? He had his own answer at the ready: The Ti- 16 24 D AY S tanic went down with its lights on. Given that Californians were suffering through soaring electric prices and power outages and looking at a potentially catastrophic summer, Skilling’s remark certainly did nothing to dispel his reputation for insensitivity.

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24 Days: How Two Wall Street Journal Reporters Uncovered the Lies that Destroyed Faith in Corporate America (2003-2004) by Rebecca Smith, John R. Emshwiller


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