Actually I didn’t. But Ken Norton did, and he provides a fascinating account of the “due diligence” trip to Enron’s facilities.
In his own words: “I was a 28 year-old kid from Buffalo, New York. I’d never been on a private jet. I couldn’t contain my excitement.” As CTO of NBCi he met Jeff Skilling and other Exec’s who put up a dazzling dog-and-pony show to impress their visitors with just how powerful their broadband brokerage business was.
There was only one problem with the business: it didn’t exist. Yet it was fluffy enough to double Enron’s market valuation in six weeks.
A fascinating piece to read the day after Jeff Skilling’s Day at Court. (Ken, you owe me half an hour of my life spent on unplanned reading )
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