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Your right, they built Power Plants [1] and fibre optic networks instead [2]. Enron was at its core an infrastructure company. [1] https://en.wikipedia.org/wi
by jdsully 7y ago
Your right, they built Power Plants [1] and fibre optic networks instead [2]. Enron was at its core an infrastructure company.
[1] https://en.wikipedia.org/wiki/Dabhol_Power_Station https://en.wikipedia.org/wiki/Dabhol_Power_Station
[2] https://www.washingtonpost.com/archive/business/2002/01/01/broadband-strategy-got-enron-in-trouble/86ce87f6-33e6-4efe-90c5-067c795e9e8c/ https://www.washingtonpost.com/archive/business/2002/01/01/b...
They are only remembered for their financial "innovations" which was ultimately their downfall. But to suggest they didn't make anything tangible is false. They even had a "Netflix" style streaming service setup with Block Buster at one point.
- CamperBob2 7y agoThey financed them. They moved money around, they didn't build anything. I've never seen an "Enron" logo on any actual products. Enron accomplished nothing that wouldn't have happened without them, in one form or another. Agree with him or not, Musk tackles things that either wouldn't happen at all without him, or that would happen too slowly to matter. The reality is, we need both kinds of companies, but we also need them to behave ethically.
- jdsully 7y agoEnron employed boots on the ground construction workers and line men. They started as an LNG pipeline company. All of those blue collar workers lost their pensions when they went bankrupt. You can see some of them in the Enron documentary “Smartest Guys In The Room”. They were not some hedge fund merely shuffling paper around. GE is a very apt comparison.