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Andrew Mayo

By Andrew Mayo (August 2007 Issue)
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I have just read the story of Enron and its collapse, called Conspiracy of Fools. It’s a book that brings the whole story alive through anecdotes and conversations.

One has many reactions to this awful story, so typical of the gung ho attitude and recklessness of the late 90s. But one thing that struck me forcibly was the sheer lack of understanding by very senior people of what they were doing. Millions of dollars were spent with no adequate justification; enthusiasm suppressed ignorance almost completely. The passion for the deal overrode everything. Had someone from HR suggested that some time spent training might be worthwhile, I am sure they have been laughed away – in 700 pages the word does not appear.

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