Mar 15 2005

The Last Days of Enron

The New York Times is running a series of articles on the last days of the Enron crisis (actually excerpts from Times writer Kurt Eichenwald’s forthcoming book on the subject).   It reads like a soap opera (by both design and because that’s really what this story amounts to).  The amazing take-away for me was just how far Enron had strayed from the most basic forms of financial management (they didn’t track their cash balance, nor did they track when their debt came due – so they had no idea either what they owed or how much they had available to cover that debt).
Take a look at the article here (in case the link doesn’t work the url is .  It’s worth a read.