Bethany McLeans's and Peter Elkind's 'The smartest guys in the Room' is the must-read story of Enron's rise and fall.
The brilliant account of major corporate wrongdoings in the US comes at a time when many Chinese companies have been shown to be flawed, including the recent case of Singapore-listed China Aviation Oil.
The American book does not, of course, cover CAO, but in light of what we know about CAO, it's instructive to compare the two cases of corporate wrongdoing.
Although often described as China's Enron, technically, the nature of CAO's collapse is more similar to the collapse...
