Enron, the play. Who would have guessed

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A play about Enron, in London, sold out for months. A play that reviewers say focuses on Jeff Skilling, the jailed former CEO, and his favored mark-to-market accounting. What a curiosity.

Having covered the five-month trial of Skilling and former Enron Chairman Ken Lay in Houston in 2004, and having sat through their dramatic sentencing hearing just weeks before Ken Lay suddenly died, I feel as though I have already seen at least one version of "Enron."

Encountering Skilling in the hallways of the federal building in downtown Houston, even in the elevator, where quasi-amusing comments were tossed back and forth, one wouldn't automatically place Skilling in the US pantheon of bad guys. Maybe more in the pantheon of guys who screwed up royally.

On a personal level, though, Skilling was a non-threatening guy, un-intimidating at five foot 7 or 8 inches, a guy you knew had worked hard -- what with the contact lenses and the hair plugs -- to escape his early nerdishness and become a guy you could barely understand when he told a ballroom of conference attendees how his company had become "asset lite" and that big energy companies like Exxon should somehow follow suit.

When Enron declared bankruptcy, it listed almost $70 billion in real physical assets strewn around the globe, entire electric grids and pipeline networks in a number of countries. Maybe Skilling was just punking Exxon.

According to the review in The Times of London, the play of Enron "isn't just about number-crunching any more than Hamlet is about having to move back in with your mum and stepdad." It is truly a testament to British wit that the name Skilling could even be mentioned in the same review as Hamlet. Skilling, who is sitting in a federal prison outside Denver right now, would probably love it. (At 16, he ran a public access cable show from his parents' home in Aurora, Illinois. Think Michael Myers, Wayne and Garth, Wayne's World.)

The Times says the play is about a man "whose impatience with playing by the rules is first the making and then the ruin of him." The director is quoted as saying, "We'd always said: 'Is this Richard III or is it the fall of Rome?' The fall of a man, or the fall of an empire?"

"Enron" is headed soon to New York, where, one might think, a play about Bernie Madoff might be a bigger draw. Despite his 24-year prison sentence, Skilling has never generated near the level of animus that Madoff has.

There is a chance of yet another Enron performance, though. In the first week of March, the US Supreme Court is going to hear Skilling's lawyer, Daniel Petrocelli, argue that Skilling deserves to have his conviction vacated or, at least be given a new trial.

Imagine that: "Enron" running on Broadway, while a retrial drama runs in Houston. .

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Saw this production in London and will see it again in NY. The whole show was really well done. The plot remained very true to how events were reported. There were also quite a few memorable visuals and excellent acting overall.

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This page entry was written by Jeffrey Ryser and was published on February 4, 2010 7:21 AM ET.

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