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Bethany McLean’s Followers (411)
Bethany McLean
Born
in Hibbing, Minnesota, The United States
December 12, 1970
Genre
More books by Bethany McLean…
“Never, ever do the easy wrong instead of the harder right.”
― The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron
― The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron
“Say you have a dog, but you need to create a duck on the financial statements. Fortunately, there are specific accounting rules for what constitutes a duck: yellow feet, white covering, orange beak. So you take the dog and paint its feet yellow and its fur white and you paste an orange plastic beak on its nose, and then you say to your accountants, ‘This is a duck! Don’t you agree that it’s a duck?’ And the accountants say, ‘Yes, according to the rules, this is a duck.’ Everybody knows that it’s a dog, not a duck, but that doesn’t matter, because you’ve met the rules for calling it a duck.”
― The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron
― The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron
“The tale of Enron is a story of human weakness, of hubris and greed and rampant self-delusion; of ambition run amok; of a grand experiment in the deregulated world; of a business model that didn’t work; and of smart people who believed their next gamble would cover their last disaster—and who couldn’t admit they were wrong.”
― The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron
― The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron
Topics Mentioning This Author
| topics | posts | views | last activity | |
|---|---|---|---|---|
| The Book Club: Reading Suggestions | 32 | 235 | Jun 05, 2014 07:44PM | |
| Reading Book Club: Audible.com College Course: White Collar Crime | 1 | 5 | Sep 10, 2015 02:31PM | |
| Around the Year i...: Lisa's 2016 list | 21 | 72 | Nov 11, 2015 02:52PM | |
Reading with Style:
Fall 2016 20.1 Veterans
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119 | 42 | Nov 13, 2016 05:26PM | |
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Reading with Style:
Fall 2016 20.6 John Buchan
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262 | 82 | Nov 26, 2016 02:26PM | |
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Fall 2016 Completed Tasks
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937 | 96 | Nov 30, 2016 09:01PM | |
| Around the Year i...: 44: A book you're embarrassed to read in public | 68 | 484 | Dec 17, 2016 05:07PM | |
| The Challenge Fac...: Ripped From the Headlines - July 2018 | 18 | 39 | Aug 05, 2018 01:25AM |
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