It soon grew into an energy trading company, like a miniature version of Wall Street, that brokered international energy commodities.
#ENRON THE SMARTEST GUYS IN THE ROOM STREAMING MOVIE#
The movie profiles its two leaders, CEO Ken Lay and President Jeff Skilling, who lied and cashed in while their 20,000 employees were robbed of their life savings.Įnron began in Texas as a natural gas company. Content:ĮNRON: THE SMARTEST GUYS IN THE ROOM is a compelling, fast-paced inquiry into the buildup of Enron and its very public undoing. There is brief nudity, but the documentary manages to be entertaining, educational, and alarming. The greed and hubris exhibited by Enron execs is a sad reminder of mankind’s tendency toward selfishness and sinfulness. THE SMARTEST GUYS IN THE ROOM untangles the wide web in a way that is very easy to follow and almost exciting, though most audiences will find the movie sobering. As executives were fabricating the company’s profits, they were cashing out their stock before the truth came out and the company collapsed. Sadly, high-level executives were using accounting practices that made it easy to deceive investors and continually raise the stock price. At this point, Enron began to grow by huge measures, and Fortune magazine named it “America’s Most Innovative Company.” Enron began in Texas as a natural gas company, but soon moved into trading, like a miniature version of Wall Street that brokered international energy commodities. The movie profiles CEO Ken Lay and President Jeff Skilling, who lied and cashed in while 20,000 employees were robbed of their life savings. Want a similar task completed for you? Worry no more! Simply place your order at by clicking on the ORDER NOW option.ENRON: THE SMARTEST GUYS IN THE ROOM is a compelling, fast-paced documentary about the buildup of Enron and its public undoing. Potent, fascinating chronicle of the rise and fall of the Houston-based energy giant. Watch Enron: The Smartest Guys in the Room (Links to an external site.)Links to an external site. Watch Enron: The Smartest Guys in the Room: You do not need to respond to the comments from your fellow classmates but may if something they write strikes you as interesting. What happened to Skilling and Lay…and where are they now?.The priest at the end of the film mentions “the pursuit of money can cause one to lose one’s soul.” How do you interpret this quote in the context of both the Enron scandal AND your own beliefs around money and the pursuit of it.What were the ultimate consequences to stakeholders and employees after bankruptcy?.In what ways did Skilling’s involvement in unethical financial and accounting practices benefit stakeholders initially?.Why did Sherron Watkins, the whistle-blower of Enron, wait to report the firm?.How did Enron’s corporate culture of “survival of the fittest” contribute to the unethical business practices by employees and executives alike? Provide examples.financial institutions, the SEC, and Enron’s accounting firm Arthur Anderson complicit in helping Enron cover up massive financial and accounting fraud? In what ways were the financial analysts, investment bankers, U.S.In what ways did the Securities and Exchange Commission fail to monitor Enron’s use of this accounting method?.Explain the concept of mark-to-market accounting as used by Skilling and Lay and why this accounting method is particularly susceptible to ethical indiscretions.You do not need to use formal academic citation, but may use informal citation within your post.Īs a reminder, informal citation gives credit to the source within your text for example, you might write, “According to Business Essentials by Ronald J. Make sure you cite the text for any concepts you take from it for your response. In this assignment, you will watch Enron: The Smartest Guys in the Room and then use your readings to answer the questions below. These Chapters further describe the management of business finances, highlighting the ramifications of poor accounting, financial, and ethical decisions. Enron’s Corporate Culture Of “Survival Of The Fittest” Contribute To The Unethical BusinessĬhapters 15-18 in Business Essentials explain in detail the roles of accounting, money, and banking in our economic business environment.
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