Chapter 5. What it Meant to “Do the Right Thing” at Enron
“We're going to do the right thing and make money without having to do anything but the right thing.”
—Andrew S. Fastow, Chief Financial Officer, Enron[19]
Most of the stories in this book are about entrepreneurs and start-up companies that are somewhat outside the mainstream of established companies in the economy. The entrepreneurial sector of the economy is very important to technological progress, and it involves somewhat specialized economic institutions that are designed to support innovation—including, most importantly, angel investors, venture capital firms, and the IPO process. But while this sector was at the core of the Internet bubble, the bubble was not limited to it; instead, ...
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