2min chapter

Acquired cover image

Enron

Acquired

CHAPTER

Mark to Market Accounting

Jeff Bezos insisted that in order to join Enron and start this new division, Ken Lay and the board had to agree to use mark to market accounting. He literally called it a lay my body across the tracks issue without joining the company. This shows how unbelievably savvy he is. It's worth because we'll get into this a bunch but let's understand it conceptually.

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