Jeff Skilling was picked as the company’s CEO who brought some magic into how it would actĪs a market trading in natural gas as it would with bonds and stocks. Lay to for a replacement to continue making money for Enron. However, the luck came to an end for Enron as one trader was arrested for reckless Millions for Enron while at the same time increasing the risk. Lay instead failed to warn the traders but asked them to continue trading to make Some employees had tried warning Ken Lay of the illegality of the practice butĭiscouraged them when he supported the speculation as for the only way the business can make Revealed that its top executives were holding offshore accounts where they were transferring the Move was risky though Enron looked as if it was on a winning streak to start with. Traders with Enron initially got involved in the speculation of oil prices whereas such a One of the biggest financial and accounting fraud scandals. The Room” inspired by the Enron Corporation, following its collapse, as a result, the exposure of The paper is, therefore, an analysis based on the Smartest Guys in
Revolutionary piece of legislation which was meant to check similar corporate wrong doings as It furtherĬontributed significantly to the enactment of the Sarbanes-Oxley Act of 2002(SOX), a
#The smartest guys in the room full documentary trial
Of the scandal, a criminal trial was initiated to prosecute most of its top management. In its collapse as a result of their greed for power and a faulty organizational culture. The documentary shows the way the company’s top brass, specifically its Chairman andįounder, Kenneth Lay, the CEO Jeffrey Skilling, as well as its CFO, Andrew Fastow, took part Sharing the view that deregulation was key to success. This was a view that Ken Lay together with some Texas-based oil players
Bush’s election campaign as it stressed on the deregulation of Millions as they hid relevant materialistic information to the public. Quickly went under as its top executives manipulated the books and in the process minted The documentary opens with a lady describing Enron as characterized by intolerance,Īrrogance, and greed leading to the biggest financial scandal of our times. Underhand deals as money making ventures while they kept their highly paid jobs (Eichenwald, Hyper-competitive business environment, the company traders resorted to different kinds of It was linked with various illegal schemes, such as instigating an energy crisis inĬalifornia in order to drive utility prices up at the expense of ordinary Americans. The documentaryĮxplores Enron’s fall, arguably one of the most shocking cases of the modern corporateĬorruption. In the energy sector, is beautifully captured in “The Smartest Guys in the Room”, a documentaryįilm produced in 2005 and adapted from a 2003 best-selling book by the same name andĪuthored by Fortune reporters Peter Elkind and Bethany Mclean (Ebert, 2006).
The whole incident of how Enron Corporation, a world leader The “Enron Scandal” is one of the notorious business and bankruptcy scandals involvingĪn American organization in a case of willful corporate fraud as well as wrong corporate Running head: THE SMARTEST GUYS IN THE ROOM Please find the attached for review and give your feedback where necessary. "Enron: The Smartest Guys in the Room" is not currently available to stream in undefined.Hello. It has a great rating on IMDb: 7.6 stars out of 10. "Enron: The Smartest Guys in the Room" - documentary produced in USA and released in 2005. The film comes to a harrowing denouement as we hear Enron traders ringing hundreds of millions of dollars in profits out of the California energy crisis and as a result, we come to comprehend how the unimaginable excess of the Enron hierarchy had such a shocking and profound domino effect that may shape the face of our economy for years to come. 7.6 Enron: The Smartest Guys in the Room 2005, 1h 50minīased on the best-selling book of the same name by Fortune reporters Bethany McLean and Peter Elkind, Alex Gibney incredibly reveals how top executives of America's seventh-largest company walked away with one billion dollars leaving investors and employees with absolutely nothing.
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