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As Bethany McLean and Peter Elkind portray in The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron, there was a chain-reaction of events and a hole that dug deeper with time in the life-span of, at one time the world's 7th largest corporation, Enron. The events were formulated by an equation with many factors: arbitrary accounting practices, Wall Street's evolving nature and Enron's lack of successful business plans combined with, what Jeff Skilling, CEO of Enron, believed was the most natural of human characteristics, greed. This formula resulted in fraud, deceit, and ultimately the rise and fall of Enron.
Kenneth Lay created Enron in 1985 as a result of the merger of Houston Natural Gas and Internorth. Within a short time, Enron incurred massive debt and lost exclusive rights to its pipelines. Enron's core business was losing money, so they hired consultant Jeffery Skilling, who would soon create a stock market for natural gas – transforming energy into......

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Approximate Word Count: 1829
Approximate Pages: 8 (250 words per double-spaced page)

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