Wednesday, November 18, Enron: The biggest issues can be summarized into the following:
Thursday, June 16, Smartest Guys In The Room- Analysis The movie centers on the Company Enron Corporationwhich went Bankrupt in the year leaving hundreds of its staffs unemployed and thousands of its investors bereft.
Enron Corporation was an American energy company based in Houston Texas. Enron was found to have used various accounting methods to misrepresent its financials. The movie begins with a lady describing the company as one filled with arrogance, intolerance and greed which led to a gigantic fraud.
Within no matter of time, the company was bankrupt. The top executives made millions by cooking the books and hiding all the materialistic information from the customers.
Enron being the major corporate contributor for the George W. Bush election campaign stressed on deregulating the energy market.
Ken Lay along with few Texas based oil companies shared a common view that deregulation is the key for success. In the early stage, traders of Enron were involved in speculating the prices of oil. While such speculations were risky, Enron seemed to own a winning streak during the initial stage.
Top Executives had offshore personal accounts and transferred millions of dollars in profits. Few employees tried to warn Ken Lay about the illicit trading his traders were involved in but ken Lay discouraged them by informing that speculation was the only part of business making money.
Instead of warning the traders, Ken Lay asked the traders to keep making millions for the company which simultaneously increased the risk.
In few days the luck turned down for Enron. One of the two traders was arrested on charges of reckless speculation. Ken Lay now had to find somebody else to make money for Enron. Jeff came up with a magical idea where Enron would serve as a market to trade natural gas just like stocks and Bonds.
According to market to market accounting, Enron would record all the revenues from long-term contracts in the current year even though the cash would flow over the number of years.
Lou Pai, like other Enron executives only cared about money. Employees described him as a mysterious figure who hardly asked for details. During the same period, stock market rose everyday making new records. Stock prices reflected the reported earnings of the company and these earnings rose every quarter.
They made billions of dollars during this period. In reality, the reported profits of Enron were just imaginary and the real profits were fading.
Enron had power plants all over the world, but the performance of the most of them were terrible making no profits for the Company.
Now, Ken Lay had to come up with another new idea to keep its imaginary profits and stock prices high.Oct 29, · Enron: The Smartest Guys in the Room.
Posted on October 29, | Leave a comment. At the heart of Enron as a case study (and this paper) are the issues of ethics, congressional oversight, captive agencies, organizational culture, and motivational theory.
This paper presents each of the issues, the relevant literature, and how. Nov 18, · Enron: The Smartest Guys in the Room Reaction Paper Enron was the sixth largest energy company in the world at its height.
Claims of over $B revenues with 20, employees, Enron became the seventh largest corporation in America, and represented a new breed of business. We will write a custom essay sample on Enron: the smartest guys in the room specifically for you.
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Company Formed. Enron: The Smartest Guys in the Room is a American documentary film based on the best-selling 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. Today's Paper; News.
Ben Abercrombie Returns to Harvard for The Game Alex Gibney’s “Enron: The Smartest Guys in the Room” continues this trend.
The smartest guys in the room will.