Enron, Ep 5: The Enablers
11/09/21 • 37 min
2 Listeners
After Enron's collapse, a congressional probe and a Department of Justice task force began investigating not just company executives - but also the auditors and banks that had enabled the company's business practices. In this episode, the groups that facilitated Enron's rise.
John Emshwiller hosts. The original reporting on which this season is based was done by him, Rebecca Smith and other reporters in the WSJ newsroom. Bad Bets is a production of The Wall Street Journal. This season was produced in collaboration with Neon Hum Media.
Correction: Senator Byron Dorgan represented North Dakota. A previous version of this podcast incorrectly said that he represented South Dakota.
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After Enron's collapse, a congressional probe and a Department of Justice task force began investigating not just company executives - but also the auditors and banks that had enabled the company's business practices. In this episode, the groups that facilitated Enron's rise.
John Emshwiller hosts. The original reporting on which this season is based was done by him, Rebecca Smith and other reporters in the WSJ newsroom. Bad Bets is a production of The Wall Street Journal. This season was produced in collaboration with Neon Hum Media.
Correction: Senator Byron Dorgan represented North Dakota. A previous version of this podcast incorrectly said that he represented South Dakota.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Previous Episode
Enron, Ep 4: The Downfall
The biggest problem for Enron wasn't that former CEO Jeffrey Skilling suddenly quit, or that former CFO Andy Fastow was enriching himself. It was that Enron's success was dependent on an image that was partly a facade. After Wall Street Journal reporters pulled back the curtain, it all came tumbling down. In this episode, how Enron fell from Wall Street darling to bankruptcy in just a matter of weeks.
Questions about the making of Bad Bets? Join John Emshwiller and Rebecca Smith for a live Q&A on Thursday, November 4th at 2 p.m. EST. Sign up at wsj.com/live-qa. We'd love to hear from you.
John Emshwiller hosts. The original reporting on which this season is based was done by him and Rebecca Smith. Bad Bets is a production of The Wall Street Journal. This season was produced in collaboration with Neon Hum Media.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Next Episode
Enron, Ep 6: Lies and Choices
Enron CEO Ken Lay was practically the company's founding father. But when federal authorities began investigating Enron after its collapse, prosecutors had a hard time connecting Lay to anything illegal - and Lay himself insisted that he was innocent. Until: prosecutor John Hueston joined the team, two years into the investigation. In this episode, how the Enron Task Force built its case against Lay.
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