the CAMP ENRON Report


CAMP ENRON:
... gateway to the next Progressive Era?

Some say it's nothing but a train wreck ... roll in the big cranes, clear the track, see what the crew's been smoking. If I thought so, I'd not be writing this ... and if they thought so, they'd not be drumming so hard.


For a brief orientation, see this
Welcome to Camp Enron

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Camp Enron Archives
01/01/2002 - 02/01/2002 02/01/2002 - 03/01/2002 03/01/2002 - 04/01/2002 04/01/2002 - 05/01/2002 05/01/2002 - 06/01/2002 06/01/2002 - 07/01/2002 07/01/2002 - 08/01/2002 08/01/2002 - 09/01/2002 06/01/2003 - 07/01/2003

NOTE to READERS:
(2) All "major" articles of older material have now been imported, some with updates worth perusing. We'll keep it all on the main page for a while, will add a few loose pieces of history, will trim the main page and index the archives for convenience later.


OUR DEPARTMENTS:

the COGENT PROVOCATEUR:
free agent, loose cannon, pointy stick ... taking an imposing analytic toolkit out of the box, over the wall and into the street ... with callous disregard for accepted wisdom and standard English

reading the tea leaves from original angles, we've led with uncannily prescient takes on the federal surplus, the dotcom crash, the "Energy Crisis", the Afghan campaign, the federal deficit.

More where those came from ... stay tuned.


For brief orientation, see this
Welcome to CP


CAMP ENRON:
... gateway to the next Progressive Era?

For a brief orientation, see this
Welcome to Camp Enron

OTHER GOOD STUFF:
Many thanks to Tony Adragna and Will Vehrs, still shouting 'cross the Potomac at QuasiPundit. Early Camp Enron material can be found in QP's Dispatches department.
Monday, July 22, 2002

 
--- Delamination Sighting! ---

Thanks to Brad DeLong for this excellent Business Week Online riff on business lobbyists flummoxed at CEO refusals to get with the program.
When Coca-Cola CEO Douglas Daft announced on July 14 that his company would count stock options as an expense, one disbelieving business lobbyist privately told BusinessWeek that this was a "freewheeling" CEO and that Daft was, well, certainly "not well briefed." ... When business lobbyists start arguing that CEOs are talking out of school, we are in a Lewis Carroll world.
Speaking of the program, listen for charges that legislation would "criminalize risktaking" (heard from several mouths within hours Friday), and the amusing assertion that markets are crashing because investors think Congress is going to Do Something.

"Delamination"? Among earlier pieces, see our July 8 take, Business Takes the Lead, Uneasily, and to their Eventual Regret: "Temporarily, in a parody of the principle-agent problem, the engines of business advocacy are straining at cross-purposes against the firms that pay their rent." Adhesion fails, layers separate, unimaginable abrupt "restructurings" become possible. (see also closing paragraphs of the longwinded piece below).