Another excerpt from Eichenwald's book on Enron:
At the end Dynegy is negotiating to acquire Enron. Hugh Tarpley, Dynegy's head of mergers and acquisitions, reviews a mountain of data supplied by Enron and sees that they are projecting earnings of $2.25 per share in 2002. He asks Enron for their 2002 business plan. The response: "We don't have a business plan available." Tarpley then asks how did they get their 2002 projections. The answer: "We just increased the prior year's results by 25%".
I think it was Fortune that named Enron the innovative company of the year for seven years running. I guess one of their innovations was the lack of common sense. Another was their lack of shame.
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