An edition of 24 days (2003)

24 days

how two Wall Street Journal reporters uncovered the lies that destroyed faith in corporate America

1st ed.
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Last edited by bitnapper
June 1, 2024 | History
An edition of 24 days (2003)

24 days

how two Wall Street Journal reporters uncovered the lies that destroyed faith in corporate America

1st ed.
  • 2 Want to read

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.

Publish Date
Publisher
HarperBusiness
Language
English
Pages
400

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Previews available in: English

Edition Availability
Cover of: 24 Days
24 Days
2007, HarperCollins
eBook in English
Cover of: 24 Days
Cover of: 24 days

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Book Details


Edition Notes

Includes index.

Published in
New York
Genre
Case studies.
Other Titles
How two Wall Street Journal reporters uncovered the lies that destroyed faith in corporate America., Twenty four days., Wall Street journal.

Classifications

Library of Congress
HD9502.U54 E57927 2003, HD9502.U54 E57927 2003, HD9502.U54.E57927, HD9502.U54 .E57927 2003

The Physical Object

Pagination
xv, 400 p. ;
Number of pages
400

ID Numbers

Open Library
OL18205283M
Internet Archive
24days00rebe
ISBN 10
0060520736
LCCN
2003056680
OCLC/WorldCat
52766077
Library Thing
369796
Goodreads
874066

Work Description

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.

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History

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June 1, 2024 Edited by bitnapper Merge works (MRID: 141076)
December 24, 2021 Edited by ImportBot import existing book
July 30, 2019 Edited by MARC Bot associate edition with work OL6226542W
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December 10, 2009 Created by WorkBot add works page