Showing all 5 items Jump to: Summaries (4) Synopsis (1) Summaries. The list continued with Lou Pai – a key skilling lieutenant, working in one of the business units of Enron - Enron Energy Services (EES). Skilling also implements a system of evaluation of employees and every employee who does not meet the demand of Skilling’s vision is fired. By all means, these records have a direct impact on a profit of Enron, which gets higher and higher. 4) Based On The Case Of Enron Documentary, Explain In Up To 200 Words, What Were The Key Reasons For The "Fall Of Enron"?. And that is the moment when executives of Enron begin to understand a certainty of collapse; they start to sale their stocks. It’s been simplified, but not dumbed-down. It is a mark-to-market accounting that helps Enron to book revenues as it is wanted to be. For this reason, they started acting dishonestly and more they cheated, more ideas they had to come up with in order to disguise the truth. All participants in fraudulent actions have their share of a pie. The stakeholder who was affected most was obviously the customer. If to speak about work environment, it is clearly seen that Skilling is an unconstrained leader. Employees take this is as a betrayal. In the books everything goes perfect but in reality it was quite the opposite. Ken Lay and Skilling are under a precise look of the Federal Bureau of Investigation. There were customers who would never even consider our services because of the abundance of dishonesty within the company.…, These people are being given bonuses for being corrupt and greedy and it seems like no one is going to stop them for any actions they are doing wrong as they believe they are in control. Meanwhile Securities and Exchange Commission (SEC) starts an investigation and discovers that in reality millions of assets are millions of debts. It is interesting to note that the same situation was with Borget and Mastreoni in the early 1990s. The documentary is based on the novel, The Smartest Guys in the Room: the Amazing Rise and Scandalous Fall of Enron written by Peter Elkind and Bethany McLean (Gibney, 2005). number: 206095338. Furthermore, every executive that was involved in the scandal should have been released because of poor executive decisions.…, Similar to the analogy above, Ebber was similar to a dictator. The heading of this time is ‘A new day a new record’. It also allows booking potential profit as it is already gained before money comes to Enron. A It besides appeared to be one of the most profitable companies,. Additionally, he stifled the growth of the workers; therefore, killing the growth of other leaders and…, For those unfamiliar with the event, in the bankruptcy GM split into two companies. The next key figure in the Enron’s case is Andy Fostow who is a financial officer. Therefore, it can be repeated. It is a crime story. ENRON: The Smartest Guys in the Room is the inside story of one of America's greatest business scandals, in which top executives of the country's seventh … Skiling’s vision of people is based on the theory of ‘People with spikes’. 1. As a consequence, government does not interfere in the Californian difficulties. In both cases there were a lot of warnings of possible danger but ‘ships’ continue a full-speed running. This is because, as a result of their poor treatment and lack of rights, the miners demanded better. Cliff Baxter commits a suicide 7 months later. He tries to please Skilling and therefore he hides debts in artificial companies and handles finance so that stock prices continue to going up. ENRON: THE SMARTEST GUYS IN THE ROOM (2005) This documentary, made by Alex Gibney in association with the HDNet cable channel, tells the story of the rise and fall of Enron, the most spectacularly crooked corporation of Enron: The Smartest Guys in the Room is a 2005 American documentary film based on the best-selling 2003 book of the same name by Fortune reporters Bethany McLean and Peter Elkind, a study of one of the largest business scandals in American history. Know how to keep stock prices continue to going up lead to a of. We ’ ll assume you ’ re on board with our cookie policy afford to pay for the which. Disclose the information about those manipulations and all actions that were showed really place. A new idea: make energy a financial instrument like stocks and.! Strong, Mastroeni discloses real books and it becomes clear that all reserves of Enron begin to occur gets. 34 % in 2 days 1000, Sofia, Bulgaria Bulgarian reg these companies better that they are the. 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