![]() ![]() John Emshwiller: And prompted hard questions from people in power. Speaker 9: We thought everything was going great and then all of a sudden out of nowhere we find out that we're going broke. Enron's collapse stunned those who were invested in the story. The company became synonymous with epic corporate fraud. John Emshwiller: As Rebecca and I dug deeper, we found out that Enron's rise was more a story of success than the real thing. Speaker 8: As I went down to the meeting room, I got nauseous and thought I was going to throw up. John Emshwiller: And hear from those who were on the hot seat when everything fell apart. He was the idea guy, and he was firing on all sides Speaker 7: Oh, my gosh, Skilling was on his game. ![]() This season, we're bringing you the Enron saga, talking to people who had a front row seat to the company's glory days. John Emshwiller: This is Bad Bets, a new series from the Wall Street Journal that unravels big business dramas that have had a big impact on our world. Speaker 6: Stock in the once mighty Enron corporation, now heading into Chapter 11, closed today at 40 cents a share. Speaker 5: Any of you concerned about the value of your stock options? I'm concerned about the value of my stock options. Within months Enron plummeted from celebrated corporate Titan. That sent my colleague Rebecca Smith and me on a reporting journey with an end we never imagined. ![]() John Emshwiller: But in late summer 2001, the company's top executive resigned out of the blue. And I thought, "Who works here? This is crazy." Speaker 4: There were, like, 25 Ferraris, Maseratis, and Bentleys lined up on Bonus Baby Row. Speaker 2: Enron was the flashiest, brashiest player. John Emshwiller: 20 years ago, energy giant Enron was considered one of the most innovative companies in the world. This version may not be in its final form and may be updated. This transcript was prepared by a transcription service. ![]()
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