December 2, 2001: The Day the Largest Bankruptcy in History Hit
カートのアイテムが多すぎます
ご購入は五十タイトルがカートに入っている場合のみです。
カートに追加できませんでした。
しばらく経ってから再度お試しください。
ウィッシュリストに追加できませんでした。
しばらく経ってから再度お試しください。
ほしい物リストの削除に失敗しました。
しばらく経ってから再度お試しください。
ポッドキャストのフォローに失敗しました
ポッドキャストのフォロー解除に失敗しました
December 2, 2001: The Day the Largest Bankruptcy in History Hit
-
ナレーター：
-
著者：
(00:00:48) The Architecture of Ambition
(00:02:31) The Special Purpose Machine
(00:04:49) The Warning That Went Nowhere
(00:06:17) California and the Cost of Manipulation
(00:07:57) The Three-Week Collapse
(00:09:47) Twenty-Nine Thousand
(00:10:35) The Reckoning
(00:11:44) The Lesson That Keeps Repeating
On December 2, 2001, Enron filed for bankruptcy — at the time, the largest in American history. But the story of how it got there is one of the most calculated and deliberate frauds ever constructed inside a Fortune 500 company.
This episode traces the full arc: from Ken Lay's founding vision of a deregulated energy marketplace, to Jeff Skilling's mark-to-market accounting engine that let Enron book projected profits the moment a contract was signed, to Andy Fastow's labyrinth of roughly five hundred special-purpose entities designed to hide debt and absorb losses that never appeared on the parent company's balance sheet.
At the centre of the collapse were the Raptors — a cluster of SPEs built on circular logic. Funded by Enron's own restricted stock, they were meant to absorb losses from equity investments. But their capacity to absorb those losses depended entirely on the value of Enron stock. When the stock fell, the Raptors failed at the exact moment they were needed. It was a time bomb by design.
In August 2001, Vice President Sherron Watkins wrote directly to Chairman Ken Lay warning that Enron was an accounting scandal waiting to happen. She named the Raptors. She said the numbers didn't add up. The board hired an outside law firm to investigate — one already doing substantial work for Enron — and the company was cleared. Nothing was fixed.
By December, the stock had collapsed from ninety dollars to eighty cents. Twenty-nine thousand employees lost their jobs and retirement savings. Arthur Andersen shredded documents. Jeff Skilling would eventually receive a twelve-year prison sentence. Ken Lay died before he could be sentenced.
This is the chapter where the reckoning arrives.
This episode includes AI-generated content.
adbl_web_anon_alc_button_suppression_t1
まだレビューはありません