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Enron
Acquired
What's the Biggest Constraint of Spread Sheeting?
In retrospect now, having read conspiracy of fools, I really, really liked it. My biggest criticism of it though is that it makes fast out to be the primary villain. Fast out stole about 40 to 60 million out of Enron directly, right? And lay and skilling didn't do that. But they made hundreds of millions of dollars on the equity. They didn't need to steal the money. It's like an exercise of the most path dependent spreadsheet of all time. Like this is such a clear illustration of incentives and behavior.
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