Enron: The Smartest Guys in the Room

Enron Case Introduction After watching the video “Enron: The Smartest Guys in the Room”, (Youtube), several issues came into light. It is known that Enron has been the seventh largest company to declare the bankruptcy in the year 2001. The reasons of their bankruptcy were becoming clear as many investors lost millions of dollars, due to which the lawmakers sought to enact some legislation so that these activities could be prevented. Obviously the smartest people from Enron had entered various questionable transaction with the customers and different entities. During the booming years in the decade of 1990s, they resorted into aggressive business activities. Many of these activities were questionable. The shareholders came to know about these activities and this was also corroborated by new CEO of the company Jeffrey Skilling. There were the questionable transactions and this triggered the loss of confidence on the company. A solvent company became bankrupt due to lack of public trust and the severe liquidity crisis. Ethical lapses…

Enron was the 7th largest corporation in the United States when it completely went under (Enron). In the year 2000, nobody would predict that the name Enron and the word bankrupt would ever be in the same sentence. Back then, Enron had the same reputation as Google and Apple today. Their stock prices were some of the highest, investing in them was deemed the safest, and everybody recommended buying their stock. Then a few months later, they were completely gone. How did a company as big as Enron…

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…

The documentary “Enron: The Smartest Guys in the Room” deals with “one of the most America's largest corporate bankruptcy”, as it reports the documentary itself. In fact, few years before the bankrupt, Enron was the 7th largest corporation in the USA that took 16 years to go from 10 billion assets to approximately 65 billion, but in only 24 days it went bankrupt. The movie describes and analyses how the company grew and then collapsed quickly and surrounded by a gigantic scandal that can be seen…

Ethical issues that affect our society The three movies were very ethically wrong and there were a lot of interesting information that I didn’t know. The Ethical Dilemma that I noticed in the movie Enron: The Smartest Guys in the Room, occurred with 46 minutes left in the movie. It was at this point that Enron, had many new energy deregulation laws in California, they found a way to spike energy prices for the state of California in order to increase profits for the company. The traders at…

ENRON: The Smartest Guys in the Room film reflection According to Ritzer, (2004). “The process of rationalization causes society to put a great deal of emphasis on efficiency, predictability, calculability and control”. Progressive rationalization can actually result in some irrational consequences. ENRON was superior at energy deregulation and became one of nation's ten largest companies. However, its collapse affected thousands of employees and bankruptcy left investors with worthless…

Even though Some people believe he tried to rob his customers for his new technology being so overly expensive, Bill Gates should be remembered for making the huge technology advancements. because He is a Co-owner of the giant international company Microsoft. and He is very successful in life and has done everything right down the road in which got him to be so overly successful. Some people believe he tried to rob his customers for his new technology being so overly expensive. As with…

The Family Survival System Hollywood makes millions of dollars creating thrilling and terrifying movies about the things normal people fear could happen to them. These movies not only make these horrible situations seem glamorous and even sometimes preposterous, it creates the misconception that we will either die horribly or step out as an amazingly heroic person. The truth is, when something terrible happens, the people who survive it rarely feels like a hero and everyone feel that being…

Enron was firstly a natural gas pipeline company that combine as the combination of Nebraska and Omaha’s natural gas company, Houston Natural gas and InterNorth. It took 15 years from 1985 to 2000 to climb up into the one of the largest gas company in North America. Behind the successful of the company, it was a story of betrayal and greed of the executives of the largest natural gas company in North America. For example, the plant was moved to Mexico in order to avoid the minimum wages. Also,…

Pride Goeth Before Destruction Enron, the quintessential company of the 1990’s, is infamous for its rise and more so for its fall. It’s bankruptcy and dissolution in 2001 was the largest in US corporate history to date when it occurred (Ferrell, Fraedrich, & Ferrell 487). The downfall of the company was brought about by shady accounting practices, a cutthroat company culture, a do-what-it-takes mantra. Ultimately, the prideful and greedy natures of the executives at the helm lead to the…