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Saturday, 24 April 2010 - Enron on Broadway: tale of risk is itself risky |
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    Read more with google mobile : Enron on Broadway: tale of risk is itself risky |

    Edition: U.S. Article Comments (0) Save Email Print Reprints Most Popular Most Shared Potentially deadly fungus spreading in U.S. and Canada 22 Apr 2010 North Korea torpedoed South's navy ship: report 22 Apr 2010 UPDATE 2-'South Park' airs 'censored' episode after threat 22 Apr 2010 Biggest study on cellphone health effects launched 22 Apr 2010 U.S. to WellPoint: Stop dropping breast cancer patients 11:46am EDT Durable goods orders ex-transport, home sales up | Video 4:28pm EDT Wall Street gives much to lawmakers in reform debate 8:13am EDT Oil spill contained, search for 11 continues | Video 12:54pm EDT Greece presses "help" button, markets still wary | Video 4:22pm EDT World stocks, euro, rise after Greek aid | Video 1:08pm EDT Potentially deadly fungus spreading in U.S. and Canada 22 Apr 2010 U.S. to WellPoint: Stop dropping breast cancer patients 11:46am EDT Police barred from penis enlargement 12:10pm EDT Biggest study on cellphone health effects launched 22 Apr 2010 North Korea torpedoed South's navy ship: report 22 Apr 2010 Privacy chiefs keep watch over Facebook | Video 22 Apr 2010 Legalizing pot may kill buzz in California enclave 22 Apr 2010 UPDATE 2-'South Park' airs 'censored' episode after threat 22 Apr 2010 Durable goods orders ex-transport, home sales up | Video 4:28pm EDT Greece presses "help" button, markets still wary | Video 4:22pm EDT Enron on Broadway: tale of risk is itself risky Christine Kearney NEW YORK Fri Apr 23, 2010 12:38pm EDT Related News Green Day musical no "time of your life": critics Wed, Apr 21 2010 Green Day on Broadway insist they are still punk Tue, Apr 20 2010 Green Day on Broadway insist they are still punk Tue, Apr 20 2010 Brits flock to the West End for entertainment Sun, Apr 18 2010 Brits flock to the West End for entertainment Sun, Apr 18 2010 Dancers depicting financial analysts perform during a dress rehearsal of the play ''Enron'' in New York April 7, 2010. Credit: Reuters/Lucas Jackson NEW YORK (Reuters) - A play opening on Broadway next week examines fraud and deception on Wall Street, exotic trading instruments that led to financial ruin, and the consequences of extreme risk combined with insatiable greed. Entertainment  |  Arts  |  Lifestyle The Enron scandal, upon which the show is based, occurred nine years ago. But the sins -- such as discarding trusted trading principles to reap profits that are too good to be true -- continue to be committed today. "Yes, it's weird, it's crazy," said British playwright Lucy Prebble, 29, in an interview. While Prebble said she wished the economic collapse hadn't occurred, she noted that the timing of it was "crudely beneficial for us." "Enron," which opens Tuesday, recalls the 2001 implosion of the energy giant, which was one of the biggest corporate frauds in history. The show weaves trading room song-and-dance sequences with bawdy backroom politics, burning ambitions and the downfall of Enron's former leaders. Despite its unusual subject matter, it had an award-winning run in London and some New York theater observers think it could be a Broadway hit. Like the company, the show is taking big risks. The costly production about accounting has no big-name stars. An ensemble of 22 actors, including Tony winner Norbert Leo Butz, perform a cappella songs and dance sequences set to house music. A montage of videos and news clips about the scandal are also featured. The play brings to the stage Enron's fallen figures including CEO Kenneth Lay, President Jeffrey Skilling and CFO Andrew Fastow and mentions politicians who supported deregulation on Wall Street. "They are very extreme characters ... as people drawn to power quite often are," Prebble said. It also explains to mainstream audiences the mechanics of the stock market and financial terms like credit derivatives while detailing the roles of others in the scandal such as credit rating agencies, lawyers, accountants and collapsed firms Arthur Andersen and Lehman Brothers. "It wasn't born out of a spirit of attack," said Prebble, who wrote the play after becoming fascinated with the scandal in 2001. "It would be hypocritical to have a lazy, dishonest, purely liberal perspective, which kind of says everyone who makes money is bad. ... You've got to go inside the bubble." Time magazine said it spent $4 million transferring the production from London. Broadway observers wonder if in today's climate -- as Washington weighs sweeping financial regulation -- audiences want to see corporate culture on stage. Prebble is optimistic. "It's not specific to America at all, but because it is an American story I feel like sitting in front of an American audience will be fascinating," she said. "It's celebratory of American capitalism, but it's also questioning that." (Reporting by Christine Kearney; Editing by Daniel Trotta and Stacey Joyce) Entertainment Arts Lifestyle     Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters.   More from Reuters PIMCO's Gross to auction rare stamps for charity NEW YORK (Reuters Life!) - PIMCO's Bill Gross, manager of the world's largest mutual fund, plans to auction rare European stamps from his collection to raise more than $1 million to benefit Doctors Without Borders. U.S. students suffering from Internet addiction: study Baths, spas make for better airport experience History gets adventure makeover for TV series Travel Postcard: 48 hours in Jerusalem Colombian bling to shine at World Cup finals » More Top News Commentary: Does the SEC have a case? Frustration with Wall Street shouldn't be confused with the strength of the SEC's case against Goldman Sachs, writes legal expert Charles K. Whitehead.  Commentary  Felix Salmon: Goldman’s biggest lie Buffett mum on Goldman Goldman Sachs Apple over Microsoft by a TKO Apple's shares are now 80 times what they were in 1997 while Microsoft's have barely doubled. A Silicon Valley insider explains why.  Commentary  Microsoft profit rises, shares fall Apple lauded after blowout quarter Apple © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index   Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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