Selects: How Enron Fooled the World
Stuff You Should Know
iHeartPodcasts
4.5 • 82.9K Ratings
🗓️ 27 June 2026
⏱️ 60 minutes
🧾️ Download transcript
Summary
Until 2007, the largest single corporate bankruptcy was Enron, a $67 billion energy trading company. Its decline was breathtaking, and while it’s a fascinating story of corporate malfeasance and greed, it’s also about the lives of ruined workers. Learn all about it in this classic episode.
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Transcript
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| 0:00.0 | This is an I-Heart podcast. |
| 0:02.6 | Guaranteed Human. |
| 0:04.7 | Hey guys, it's me, Josh, and for this week's select, I've chosen our 2023 episode on the Enron scandal. |
| 0:11.9 | It's a pretty interesting episode, at the very least, just because of the mind-bogglingly nuts stuff that these guys did all in the pursuit of money and personal gain. |
| 0:23.1 | Not only did they swindle entire states, they also, as a nice cherry on top, wiped out the |
| 0:29.4 | life savings of thousands of their own employees. It's the kind of thing that was such a big deal. |
| 0:35.1 | It left a stain on American society as a whole just by how |
| 0:39.2 | cynical it made everybody about what people can get away with, just in the pursuit of wealth. |
| 0:44.1 | At any rate, I hope you enjoy this episode. It's a good one. |
| 0:52.0 | Welcome to Stuff You Should Know, a production of IHeart Radio. |
| 1:01.6 | Hey, and welcome to the podcast. I'm Josh, and there's Chuck and Jerry's here, and it's |
| 1:06.0 | stuff you should know. We mean it, you should know this stuff stuff because this is some serious corporate malfeasance |
| 1:13.4 | that I think it's probably not an American over the age of 20 walking around who doesn't know |
| 1:18.6 | about this somehow, some way, to some degree. I know they teach about this stuff in business school. |
| 1:25.9 | It's been written on extensively, but I mean, I didn't understand the ins and outs of it until |
| 1:32.3 | I started researching this. |
| 1:34.3 | And it's quite shocking. |
| 1:36.3 | And that shocking thing that I'm talking about is the rise and fall of Enron, one of the greatest swindles in corporate American history. |
| 1:48.1 | Maybe in corporate history in the world. |
| 1:50.4 | Definitely in corporate American history. |
| 1:52.3 | For sure. |
| 1:53.2 | I'm really glad you picked this because I didn't know all the ins and outs either because this is, you know, when I was a young late 20s, early 30 something, didn't have a care in the world. |
... |
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