The film ENRON: The Smartest Guys in the Room painted a picture of corporate greed and all the practices one might see in the creation of fraud. It dove into personalities of the top executives surrounding the scandal and the lies created to establish a successful persona. The governmental investigation revealed that the intricate entanglements of deceptive communications were fed from near the top of the chain to traders, analyst, and investors. Traders proactively drove the mechanisms that were structured by the company’s culture that was based on profit performance, securing their future job security, because anything less meant job termination. The Jenga structured accounting practices could not support the company’s decreasing stock values. What are interesting were the red flags that Mr. Mintz and Ms.
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It did aid in understanding the “how” of the ENRON falling, from the corporate culture, dishonest accounting, to executive relationships. From the outside the company looked successful, smart, and leaders in corporate innovation. From the internal findings, the company was surviving through tools that robbed itself and the public. The town hall proceedings gave insight to how ENRON’s corporate self-governances affected the everyday individuals, trying to pay their utility bills. The media coverage of the blackouts was very disturbing, because it showed how their irresponsibility affected the public’s day-to-day life and liberties. It also proved how unethical practices can have major effects on the company’s social irresponsibility. It raised unsettling questions as to how much every employee knew about what was going on, and if they did know, than why wasn’t their more
It did aid in understanding the “how” of the ENRON falling, from the corporate culture, dishonest accounting, to executive relationships. From the outside the company looked successful, smart, and leaders in corporate innovation. From the internal findings, the company was surviving through tools that robbed itself and the public. The town hall proceedings gave insight to how ENRON’s corporate self-governances affected the everyday individuals, trying to pay their utility bills. The media coverage of the blackouts was very disturbing, because it showed how their irresponsibility affected the public’s day-to-day life and liberties. It also proved how unethical practices can have major effects on the company’s social irresponsibility. It raised unsettling questions as to how much every employee knew about what was going on, and if they did know, than why wasn’t their more