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July 02, 2002
McKinsey and Enron
Business week examines the McKinsey angle in the whole Enron debacle. Over all Business week explores the decisions of McKinsey during the big dot-com bubble. It would be hard to fault any manager who decided to enter the dot-com stock option craze. At that point in time if you were'nt singing praises of the bubble you would have been derided as a dinosaur. I think I prefer not going back to those times. I'd rather wish the world rewarded hardwork, decent idea and unrelenting passion. Even in today's market there are some companies that are doing quite well. It just so happens they're not in the limelight (and sigh! not in my portfolio). Take Limited (LTD) for example. Since Sept they've gone up 40%. NCEN (New Century Financial) has gone up 3x since Sept.
Posted at July 2, 2002 09:24 AM