Enron: the Smartest Guys in the Room

Topics: Enron, Kenneth Lay, Enron: The Smartest Guys in the Room Pages: 2 (715 words) Published: April 2, 2013
`Enron: The Smartest Guys in the Room

The movie, Enron: The Smartest Guys in the Room, is a classic story about corporate America's greed an deceit that was discovered after the demise of Enron. The collapse of Enron was one of the largest bankruptcy in history and the movie captures the culture of money and politics involved in big American corporations. The film did a very good job portraying the culture that allowed Enron to become one of the largest corporations in America while hiding the fraud behind the facade of success. It also showed the rise and fall of the companies stock price and the lies behind the companies success which drove their stock price above and beyond. The movie does a great job of building on how Enron was able to manipulate the public along with analysts to believe Enron was a superior company. CEO Jeff Skilling takes up a large portion of the movie as they go over his hiring and the brains behind Enron's great success and tragic failure. Skillet was the one who introduced Enron to market to market accounting and in my opinion he had the intent to use it corruptly from the start. He also introduced the Performance review committee which caused the bottom 15% of staff to be terminated every year which also calls into question if he was really trying to improve the company or just instilling fear into employees so people wouldn't ask questions. Skilling also is attributed with the hiring of CFO Andrew Fasto who was most likely in the inner circle of corruption as he masterfully hid the losses of Enron and allowed the company to make billions despite its flawed business model and practices. Fasto sole role in the Enron scandal was to assume Enron debt and was able to attract outside investors to put money into these smaller companies because of his position at Enron. The movie also touched on how Fasto was the executive who had the lease amount of resistance during the government investigation most likely because he knew...
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