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Non-Tech : The Enron Scandal - Unmoderated -- Ignore unavailable to you. Want to Upgrade?

To: Jagfan who wrote (1586)	2/13/2002 4:41:00 PM
From: stockman_scott	Read Replies (1) \| Respond to of 3602

$ 1.4 MILLION FORTUNE FOR ENRON BOOK By KEITH J. KELLY The New York Post February 13, 2002 <<FORTUNE Magazine senior writers Bethany McLean and Peter Elkind have snagged a $1.4 million advance to write about the widening Enron scandal for Penguin Putnam's new Portfolio imprint. As part of the deal, Fortune's Executive Editor Joe Nocera will work with the two on the project. None of the trio will be taking a book leave, according to a Fortune spokeswoman, and the magazine will be compensated as part of the deal. McLean is credited with being one of the first reporters to question the off-balance-sheet deals of Enron back in the March 6, 2001, issue, which hit last February. She has emerged as an overnight celebrity on the Enron beat in recent weeks. Dallas-based Elkind is a veteran investigative writer for Fortune who also penned the 1989 non-fiction book "The Death Shift," about a baby killing nurse. The deal is one of the biggest auctions in the book world since the Sept. 11 attacks - but far from the only Enron proposal making the rounds. Doubleday/Broadway is paying an estimated $500,000 for its Enron book to Texas Monthly writer Mimi Swartz. She is teaming up with an "undisclosed collaborator" - widely believed to be Enron top exec turned whistleblower Sharon Watkins. At least four other proposals are said to be making the rounds, leading some industry sources to speculate that there may already be too many in the pipeline. Adrian Zackheim, publisher of Penguin Putnam's Portfolio imprint, which acquired the book from the Fortune trio, said, "Like Watergate, the Enron collapse will beget a compelling journalistic narrative that breaks through the chatter and defines the story . . . There may well be books in the future from Enron participants, like there were books from Dean, Haldeman, Erlichman, and the rest. But this is unquestionably THE big breakthrough book, the book we most wanted to publish."...>>