The mark‑to‑market rule that turned future deals into today's profit
A company books future deals as today's profit while executives sell their shares; how do you fall from that high using mark-to-market accounting?
The mark‑to‑market rule that turned future deals into today's profit
In this episode, we trace how accounting choices, personnel systems, and executive decisions shaped a gap between appearance and reality at Enron. What did mark-to-market accounting and rank‑and‑yank hiring make possible, and who benefited as the numbers grew brighter?
Event: Enron bankruptcy precursor - $11 billion in shareholder value lost in one autumn
Person: Kenneth Lay…
The skinny
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