88 books like Fiasco

Because I was a prosecutor on the Enron case, people often ask me what to read about it (or even to explain it to them!). At the time, we used to say that Enron was calculus to every other case’s algebra when it came to corporate financial fraud. Elkind and McLean (McLean had a lot to do with questioning Enron’s narrative before the company’s decline) have done the definitive job of explaining a very hard case in accessible style and detail. The truth is that accounting fraud is a very technical form of corporate fraud, sometimes painfully so. But, as I tell my students, the people who work at companies on these kinds of things are no smarter, and often no older, than my students. They just speak a different language. Don’t let that obfuscate matters. Learn the lingo and follow the money. Smartest Guys allows the general reader to… show more.

Mr. Carreyrou was the Wall Street Journal reporter who broke the story that eventually led to the downfall of Elizabeth Holmes, CEO of Theranos. At its peak, this company was worth over $9 billion. Today, Holmes and her former COO have been convicted of fraud and are serving time.

I like this book because it serves as a curriculum for how NOT to operate a biotech company. It shows that while belief in your vision is essential for all successful entrepreneurs, there is no place for secrecy and arrogance in the business world.

Unfortunately, the “Theranos” effect has led to a decline in investment in new medical technology and has had a negative effect on the value of clinical laboratories.

The New Yorker writer and author of the New York Times bestseller Say Anything—unveils the secrets and lies of the Sackler family, the billionaire owners of Purdue Pharma. Keefe is a master of narrative storytelling and an incredible researcher, and this book made me want to scream at the greed and callousness of the Sacklers. Many see the family as downright evil, and understandably so. Since Keefe’s book came out, a number of museums and organizations have tried to distance themselves from the Sacklers. Keefe also testified before a congressional committee that aimed to hold the Sacklers accountable for the opioid crisis. Keefe poured through hundreds of thousands of documents—including messages sent from one family member to another—as part of his definitive investigation of the Sacklers. I admire reporters like Keefe who are willing to do the tedious work of scouring records.

There is a partial myth, eagerly promoted by corporate interests and their lawyers, that federal prosecutors are frighteningly all-powerful and basically cannot be defeated. The veteran financial and legal reporter Eichenwald knows otherwise. The Informant, in contrast to the almost farcical (if enjoyable!) Stephen Soderbergh movie based on the book, lays out a textbook case of how prosecutors can blow an important case due to infighting, problems with unreliable informants, and clever high-priced defense lawyering that exploits every error that less-than-superb prosecutors might make. Here we have a tale of CEO-level officials at major global corporations caught on videotape flagrantly conspiring to violate antitrust laws and, in the end, almost no one ends up in prison. Eichenwald details the countless blunders by many Justice Department lawyers spread across several offices, and the clever maneuvering throughout by crack corporate defenders. He too, by the way, paints a fascinating portrait of… show more.

This is my favorite book about the financial crisis of 2008. Richard had unparalleled access to Bill Ackman, one of the savviest investors around, and tells this story with amazing detail and insight. Everyone knows The Big Short, but Confidence Game is the book to read to really understand what created the credit crisis of 2008. 

This well-researched non-fiction book by powerhouse investigative reporter Nicole LaPorte of Fast Company provides a fascinating look at some of the behind-the-scenes, real-world parenting dynamics that set the stage for Operation Varsity Blues. In addition to all the juicy details LaPorte reveals about Los Angeles’ elite private school ecosystem, we particularly love the way she traces the origins of college admissions mania all the way back to kindergarten. If you’ve ever wondered how community group-think can lead to lawlessness and a total abandonment of ethics and values, Guilty Admissions takes readers on a tantalizing journey into the competitive-parenting abyss, LA-style.

There’s a seedy side to the pharmaceutical industry that started well before the creation of the FDA, and continues through the modern era, fueling the epidemic of opioid drug dependency.

In Pharma, Posner’s comprehensive reporting introduces us to brilliant scientists, incorruptible government regulators, and brave whistleblowers facing off against company executives often blinded by greed.

We learn how the Sacklers built a culture of pain relief on the shoulders of oxycontin – one that ultimately led to the lowest survival rates for Americans in a century.

When I think of cathartic books, this book’s story always rolls around in my memories. The memoir is about a young woman’s struggle to regain her sense of self after trauma. And by trauma, I mean rape. This book angers me just as much as it saddens me with how Crawford had been treated by the school, her friends, and people she thought she could trust. The sheer amount of virtue signaling and victim blaming makes me sick with rage. But ultimately Crawford’s story gave me the power to voice about my own sexual trauma. I hope this book changes the world in the same way it changed mine. 

I’m conflicted, two of my three kids went to Florida State and this book holds nothing back about the crimes and sins that have taken place at FSU. I felt like I was witness to a crime scene; the crimes were academic, cultural, and truly criminal. I completely believe that our higher education system is critical to our country, yet what takes place at these schools is an outrage. This is a book written by a talented journalist who took me on an objective tour of the hypocrisy we are willing to allow for our tribe to dominate.

I originally read this as research for my own novel and I’m so glad I did. Not all of it is about scandal, in fact my favorite parts highlighted how sports can be used to bring out the best in us. In fact, that’s what sports did for me. I loved that it also sheds light on the machinations we don’t see that are used to drive the sport. And, yes, I was horrified by some of the stories: horrified by the sexual assaults and furthermore by the rationalizations and the coverups. The feeling I had reading The System: we all want to dress ourselves in virtue, but all we really want is to win and for some, there is no price that’s too high.