The History of Obfuscation

Inron's management team had a coltish type of environment in Houston. They would go to the big business schools and outbid the wall street banks. And they thought that they had really assembled team of the smartest guys in the room. The diligent exercise of end of quarter ind o financial period transactions that they pursued really painted a facade of of a company that was growing. But all the transactions that they were reporting, again, dark fibre water plants in brazil, a power plants in india weren't showing any growth.