Pipe Dreams: Greed, Ego, and the Death of Enron
by Robert Bryce

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Book Reviews of Pipe Dreams: Greed, Ego, and the Death of Enron

Book Review: Great reporting by Robert Bryce
Summary: 5 Stars

Bryce's reporting mixes the personalities (all the main ones are covered here - Skilling, Lay, Rebecca Mark, Ken Rice, Lou Pai, Andy Fastow, Michael Kopper, etc.) and the financial details. Bryce's mastery is he gives you a flavor for shady dealings like Fastow-created partnerships such as the now notorious LJM1 and LJM2. He explains their intent, references a chart that speaks to their inherent complexity, winks at the reader (hey, he says, obfuscation was the point here), and then points to their fatal flaws (e.g., Fastow sitting on both sides of the table, financial solvency based upon a constantly-rising stock price, etc.)

Bryce is a reporter that can interweave facts like that with delicious stories of Rebecca Mark's high dollar globetrotting, replete with obscene private plane trips - often flying her, alone, to far-flung locales - and wonderfully evocative stories of her making speeches to water works executives...and dramatically flinging off her full-length sable coat as she ascends to the stage. Well, any hack writer can't pull that off. Pipe Dreams is a combination of good old-fashioned reporting (200+ interviews) and great writing chops. In short, it's a great read.

Summary of Pipe Dreams: Greed, Ego, and the Death of Enron

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