![]() ![]() He wants employees to show him great results, great profit. Therefore, traders are encouraged to gamble. It is worth mentioning, that it is a moment when SEC approved an implementation of a mark-to-market accounting approach, which allows estimating assets of the company by a market price and not by a real. It also allows booking potential profit as it is already gained before money comes to Enron. That is the first almost unobservable alarm bell to a room for unethical actions and frauds.If to speak about work environment, it is clearly seen that Skilling is an unconstrained leader. Interesting fact of his power is that when he stops wearing glasses, everyone in the company does the same. Mastreoni receives a suspended sentence, Borget spends 1 year in a prison. So who will make money now? The second period of Enron’s history is connected with Skilling, who is a person with the biggest ideas of all. He is a great visionary as a Ken Lay.It is he who comes up with a new idea: make energy a financial instrument like stocks and bonds. And it is like an explosion in the industry. Kay Lay thinks that it would be beneficial for his new company that gas prices float with the currents of the market.That is the power of deregulations.Įnron becomes a genius of the industry. An important episode of Enron is a contribution to the presidential campaign of George Bush, who lately helps to secure money in government subsidies and to promote Ken Lay with idea of deregulations. Trading in oil market considers as a very risky business. Even then an improbable success gives a rise to doubt about legality of Enron’s business. Illegal actions start with the president of Enron Louis Borget, who takes about 3 billion $ of corporate funds in his personal account with the help of a treasurer Mastroeni and his phony books.When the rumors become too strong, Mastroeni discloses real books and it becomes clear that all reserves of Enron are gambled away. This tremendous news is hidden by the bluffing of the market and that is how Enron stays afloat. But how it starts? It starts with Ken Lay, who comes to the story of Enron from humble roots. His father is a Baptist minister and their life is rather poor.Order custom essay Summary of the Film The Smartest Guys in the RoomProbably, his background plays an integral role in having huge ambitions to make wealth of him. Ken Lay wants to change a market of power and energy. He convinces that government is not a solution but a problem to the business. In other words, he involves in the idea of deregulations. Not only he but other participants of a power and energy business share this outlook. But the beginning of this story is bright and ambitious.Enron: The Smartest Guys in the Room (Video & DVD). The grade point average but the grade of F will remain on the transcript.Enron represents a company of great promise. The first seconds of the film represent an end of it: John Cliff Baxter committed a suicide, being heartbroken with what was happened. And it was a conviction of the fraud that was happened. After this crucial episode, viewers come to the best years of the Enron. It is a seventh largest corporation in America, valued 70 billion $. The Smartest Guys in the Room (Alex Gibney), Waltz with Bashir (Ari Folman). Synopsis: Enron dives from the seventh largest US company to bankruptcy in less than a year in this tale told chronologically. The emphasis is on human drama, from suicide to 20,000 people sacked: the personalities of Ken Lay (with Falwellesque rectitude), Jeff Skilling (he of big ideas), Lou Pai (gone with. The film ‘Enron: The Smartest Guys In The Room’ tries to answer the questions that all people somehow connected with the business world were interested in: How it could happened? What are the reasons and who is responsible for that? The film tries to lift the veil. Enron dives from the seventh largest US company to bankruptcy in less than a year in this tale told chronologically.From the beginning of the film it is clearly stated that the Enron case is exceptional. The emphasis is on human drama, from suicide to 20,000 people sacked: the personalities of Ken Lay (with Falwellesque rectitude), Jeff Skilling (he of big ideas), Lou Pai (gone with 250 M), and Andy Fastow (the dark prince) dominate.‘Enron: The Smartest Guys In The Room’ Frauds and financial scandals in the business world were before an Enron’s case and will be after it. But a chain of events lead to an enormous shock on the Wall Street and went down in history as one of the biggest business scandals. For a long time sequence of events was a basis for articles and books, documental films and analytic researches. Specialties were retold and discussed by analytics. ![]()
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