24 Days (Google eBook)
This is the story of Rebecca Smith and John R. Emshwiller, the two reporters who led the Wall Street Journal's reporting on Enron and uncovered the unorthodox partnerships at the heart of the scandal through skill, luck, and relentless determination.
It all started in August 2001when Emshwiller was assigned to write a supposedly simple article on the unexpected resignation of Enron CEO Jeff Skilling. During his research, Emshwiller uncovered a buried reference to an off-balance-sheet partnership called LJM. Little did he know, this was the start of a fast and furious ride through the remarkable downfall of a once highly-prized company.
Written in an intense, fast paced narrative style, 24 Days tells the gripping story of the colossal collapse of what would become the world's most notorious corporation. The reader follows along as Smith and Emshwiller continue to uncover new partnerships and self-dealing among the highest levels of Enron's management. As they publish articles detailing their findings in the Journal, Wall Street and individual investors have a crisis of confidence and start selling Enron stock at unprecedented levels of volume. In the end - 24 short days later - Enron had completely collapsed, erasing 16 years of growth and losing $19 billion in market value while watching the stock drop from $33.84 to $8.41. Not only was the company destroyed, but investors and retired employees were completely wiped out-all the while Enron executives were collecting millions of dollars.
Climaxing with this 24-day period, this book shows the reporter's-eye view of a David-and-Goliath battle between journalists and a giant corporation. Each day a new story uncovered another fact; each day the company issued denials. And when the investigative stories reached critical mass and momentum, the stock market cast its final vote of no confidence. In the tradition of Indecent Exposure and Barbarians at the Gate, two other gripping narratives that began as a series of Wall Street Journal stories and ended up as books that defined an era, 24 Days brings the importance of great investigative journalism to life.
What people are saying - Write a review
Review: 24 Days: How Two Wall Street Journal Reporters Uncovered the Lies that Destroyed Faith in Corporate AmericaUser Review - Chad Garland - Goodreads
It's a bit slow at times and uneven between the two authors, but a very interesting read for anyone interested in financial reporting. Don't expect any bombshells or revealing new insights into why ... Read full review
Review: 24 Days: How Two Wall Street Journal Reporters Uncovered the Lies that Destroyed Faith in Corporate AmericaUser Review - Megan Cassella - Goodreads
Some good detail, but I found the book slow-moving, particularly for a breaking story that was so fast-paced. The two writers have different styles, and you could tell when it jumped from one to the next. Interesting, different, but not my favorite. Read full review
Whos Andy Fastow?
You Wont Believe What Skilling Just Told Me
I Have Found That Mt Lay Doesnt Take Kindly to Ctiticism
It Isnt a Conflict of Intetest
Youte Just Sctatching the Sutface
You Ate About to Topple a 20B House of Catds
I Want to Be CFO of the Yeat
Does Ken Lay Know About This Meeting?
Dont Apptoach Theit People Again
At Least Wete Going to Be Pat t of the Biggest
Thete Will Be Something Else Fun and Exciting on
Enton Has a Ptoblem You May Want to Wtite About
We Notified Entons Audit Committee of Possible Illegal Acts
Do You Guys Have a Shteddet Hete?
Its Okay to Have a Conflict
Make the Joutnal Go Away
He Would Have Done Nothing to Hatm Enton
Amend My Last Statement
You Missed Something That Could Be Really Big
Looks Like the SEC Read Yout Stoties
Thete Is an Appeatance That You Ate Hiding Something
Oh 1 Expect to Be in the Office All Weekend
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Thete Was a Young Tutk Attoganre
Next Titne Fastow Is Going to Run a Racket 1 Want to
The Attogance The Lack of Accountability
Entons CFO Koppet and Othets Devised a Scheme to Deftaud
If It Isnt Ctiminal It Ought to Be