“Power Failure:…”, as the title of the book suggests, is an insider account of the rise and fall of Enron. It is co-written by Sherron Watkins, a former Enron executive and Mimi Swartz, a writer for Texas Monthly. Watkins takes us on a journey of the lives and activities of Ken Lay (‘Kenny Boy’ as President Bush called him), Jeff Skilling, and Andy Fastow. The book explains Enron’s rise from its humble beginnings to an international power, and then its descent to become one of the most abhorred corporations in American history.
In all my intercations with business students in the US, I have never come across even one student who told me s/he has never heard of Enron. At the same time, most young students don’t really know what happened behind-the-scenes that led to the rapid decline of Enron and the accompanying Enron scandal. Power Failure is a good book for those who are interested in learning about Enron and what really happened there.
Oh, and if you are wondering what Sherron Watkins is doing these days, she is the founder of Sherron Watkins and Company. She is on the lecture circuit where she discusses her experience at Enron and corporate ethical leadership.