Why Enron Always Happens

And how history shows it’s actually good for us

THERE’S AN OLD JOKE ABOUT A COMPANY’S NEEDING TO hire a new accounting firm. The chief executive invites the heads of eight firms to come in for interviews and he hires one right away. A friend asks him how he did it. “Simple,” the chief executive replies. “I just asked each of them one question. How much is two plus two?”

“That’s easy,” the friend says.

“Sure it is. Seven of them said four. So I gave the job to the eighth. He said, ‘What number do you have in mind?’” Read more »