Plot Alex Gibney, who wrote and produced Eugene Jarecki's The Trials of Henry Kissinger, examines the rise and fall of an infamous corporate juggernaut in Enron: The Smartest Guys in the Room, which he wrote and directed. The film, based on the book by Fortune Magazine reporters Bethany McLean and Peter Elkind, opens with a reenactment of the suicide of Enron executive Cliff Baxter, then travels back in time, describing Enron chairman Kenneth Lay's humble beginnings as the son of a preacher, his
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The Smartest Guys in the Room The movie called the smartest guys in the room, narrates the process that how does Enron Corporation, one of the world’s major electricity, one of the world's major electricity, natural gas, and communications companies, with claimed revenues of nearly $111 billion during 2000, went bankrupt eventually. In this film, the interviewers narrated the process of bankruptcy. This is a famous scandal in accounting area and there are lots of illegal behaviors related. We can
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Re: Enron: The Smartest Guys in The Room Enron: The Smartest Guys in The Room is a movie about one of the US largest corporations, Enron, that went bankrupt in 2001. The movie starts with the story of Enron Corporation founder who was the chief executive officer of Houston Natural Gas, Kenneth Lay. Kenneth Lay established Enron in 1985. He had a close relationship with George Bush senior and his son, George W. Bush. While George W. Bush was Texas’ governor, he helped Kenneth Lay in subsidizing
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Enron: The Smartest Guys in the Room, is a documentary based on the rise and fall of one of the world’s major electricity, natural gas, communications and paper companies. By 2001 Enron filed for bankruptcy, leaving citizens and shareholders all over the nation in a financial mess. With a single share costing over ninety dollars in August 2011, it was a shock when shares fell bellow a dollar by January of 2002. However, the failure of Enron was not a surprise to everyone and although millions of
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At the heart of Enron’s story are its flashy, macho culture and its disputed inability to control expenditures. With being named one of the most innovative companies of its time, one would assume Enron would promote equality among the sexes and diversity. Every top Enron executive (excluding Rebecca Mark and Amanda Martin) was a white male with a top-notch education. Ken Lay, Jeff Skilling, Andy Fastow, and Cliff Baxter all came from Ivey League schools or prestigious business institutions. These
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CASO ENRON THE SMARTEST GUYS IN THE ROOM ¿Cuál es la principal problemática del caso? La principal problemática del caso Enron parte en base al orgullo, la arrogancia, la intolerancia y la codicia de los los gerentes y altos directivos de la empresa; ellos se preocupaban más por sus ganancias personales que por el verdadero crecimiento de la empresa y de los trabajadores. Los problemas económicos de la compañía eran prácticamente invisibles para el público general ya que por muchos años Enron
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Enron – “The Smartest Guys in the Room” Who were the smartest guys in the room? Kenneth Lay, the founder of ENRON. Louis Borget, the CEO who diverted company money to offshore accounts. Jeffrey Skilling, the CEO who implemented the mark-to market accounting. J. Clifford Baxter and Lou Pai, the executives who Skilling hired. Andrew Fastow, the CFO who created companies solely to do business with Enron. The auditors, who turned the head when the money came rolling in. Are these the
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welcomed cleverness, it opened the industry up to experimentation and the culture embraced by Enron was one that expected their employees to explore this new playing field and make most out of it whether it be in ethical limits or not (The Smartest Guys in the Room, 2005).. Jeff Skilling the CEO and former president of Enron actively enforced a culture that would push
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Enron’s Impact The movie Enron: The Smartest Guys in the Room is an informative documentary exposing an unprecedented level of corruption in the business industry. This movie is based on a book written by Bethany McLean and Peter Elkind, who are also the primary interviewees in the film. This movie captures the tragedy in an incredibly detailed and emotion-jerking way, from the beginning of Enron to the end. Enron is well known to anyone familiar with economics, accounting, or business. For
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FORENSIC ACCOUNTING ENRON: The Smartest Guys in the Room Movie Summary Gerald Prayogo ------------------------------------------------- 342858 Enron: The Smartest Guys in the room is a documentary movie based on the book of the same name. Essentially, it tells us about one of the biggest fraud ever performed in the US. It tells us of the downfall of Enron: its scandals, the prosecution of its perpetrators, as well as its role in California electricity crisis. The film describes the biggest names
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