“Enron The smartest Guy in The Room” movie very well sketches the entire history of Enron, from its foundation till downfall. The chain of events from the Enron’s rise to final days has very well been portrayed in the movie.The artists are former employees of the corporation, as well as reporters who give an account of the mannerisms of top heads involved in the fraud and their inherent strengths and weakness .They give their own interpretations about the main incidents, which led to the bankruptcy of the corporation. (Findarticles.com ) It's more than a movie - it can be termed a case by case in-depth analysis of a giant corporate company detailing the reason for its downfall. The movie represents a sort of flashback sequence of events narrated by insiders of Enron, along with intermittent logical captions that would unlock the imagination of any movie watcher. Indeed, this makes the movie quite different from other similar movies of its genre. As a result, it has been able to truly reveal to the public the magnitude of Enron scandal and how it hurt the interests of its employees and shareholders.The legal issues and complications that were caused by the Enron scandal have become a black mark in American corporate history. (Findarticles.com ) The movie starts with a flashback showing the suicide of Cliff Baxter, a top executive of the Enron Corporation. It also gives a brief biography of Kenneth Lay who founded Enron in the year 1985.
In the movie Enron: Smartest Guys in the Room, Jeff Skilling and Ken Lay—the president and CEO of Enron respectively-- had multiple ethical selves. These two men were consistently playing dual roles of responsible business men and gambling risk-takers. At several points in the film, Skilling and Lay claim that Enron was doing fine and that anything unethical was done without their knowledge.
However, responsibility is a value that is hardly mentioned in business unless there is a crisis. It times of crisis responsibility are mentioned in order to identify the culprit or the person who can be blamed for the mess that has occurred. Responsibility in business and politics a vital value because it helps in defining the freedoms and the boundary of operation.
The enterprise helped Enron grow its sales by 7 percent per year and its shareholder returns by 27 percent per year between 1988 and 1995 (Best practice and beyond: knowledge strategies 1998, p. 21-22)
A little-noticed but remarkable side effect of this revolutionary development came in the energy sector.
s a scandal that took place in the business world and it took me longer than usual to understand the gravity of the situation that took place in America.
In my opinion, the government was not expecting too much from the companies in the USA as the event of Enron scandal had
The artists are former employees of the corporation, as well as reporters who give an account of the mannerisms of top heads involved in the fraud and their inherent strengths and weakness .They give their own interpretations about the main incidents, which led to the bankruptcy of the corporation.
d party auditing firm, it instead entered into a business relationship with Enron that is considered to have a conflict of interest and eventually connived to cover the frauds committed by Enron. The relationship is already wrong at the beginning because Andersen lost its
Therefore, the practice of ethics prevails in business after the public is certain that the company’s performances aim at achieving sound objects without fraudulent practices (Perrucci and Earl 320). Enron’s unethical practices that further embraced deregulation
His bipolar and macho nature makes him suited for the job but he later succumbs to depression and kills himself. The film explores the steps that the company went to in order to ascend to wealth and riches. It shows
The author of this paper informs that after Enron was declared bankrupt, the three company directors were summoned to a hearing by the congress. The interrogation revealed that the company had been causing artificial shortages for energy in order to hike prices. Besides, this would make the company’s stock more marketable.
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“Enron The smartest Guy in The Room” movie very well sketches the entire history of Enron, from its foundation till downfall. The chain of events from the Enron’s rise to final days has very well been portrayed in the movie…