The Enron story has been turned into a musical according to a recent report in the Wall Street Journal.  It opened this month in London at the Royal Court theater to strong reviews and hopes to come to Broadway in the spring.  Columbia Pictures acquired the film rights, so who knows, it might be opening to a theater near you sooner than you think.

After all these years, it looks like we’re finally passing through the final stage of financial grief — acceptance because there’s not just one stage show about the financial melt down that marked the beginning of this century, but two.

The other one, due to open next month is “The Power of Yes” by British playwright David Hare.  Mr Hare’s objective is to put  the banking crisis into terms a confused public can understand.  He says bankers like to keep things obscured with their terminology. 

When you get to CDOs (collateralized debt obligations) and CDOs squared and mezzanine products, then you really do feel, OK, this is like talking about transubstantiation — this is just a priesthood protecting its rite.  My job is putting it in language that everybody will understand.

I feel the same way about lawyers and the law.  I like pulling back the curtain too.  That’s why I wrote The Business Guide to Legal Literacy: What Every Manager Should Know About the Law (Jossey-Bass, 2006) and why I write this blog.

Cheers.

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Tags: banking crisis, David Hare, Enron, The Business Guide to Legal Literacy

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