Enron : Movie ReviewEssay Preview: Enron : Movie ReviewReport this essayENRON : MOVIE REVIEWWhen one reads or hears about the Enron Scandal, one wonders whether the scandal was all about complicated transactions or about people. The Enron Scandal has certainly caught the eye of people all over the world so much so that it was used as a benchmark to determine the strictness of the corporate governance laws in place in United States of America. The collapse of Enron led to twenty thousand employees losing jobs and more than $2 billion dollars in losses in terms of Pension and compensation, all because of arrogance and greed. In a span of 1 hour and 50 minutes, one discovers that there were numerous reasons for the fall of Enron.
[quote=JennyS]There is so much scandal in the world with Enron[/quote][/quote]
But I’ve said it before and I’ll say it again. That does not mean, however, that there is no scandal with Enron.
Well let me say this. I never ever said that Enron was the reason for the collapse of Enron. In fact when I came into the world of Enron, I always felt the same way about Enron being what it was.
If there were a conspiracy behind Enron it is obvious. If there were other than a few people who did control Enron, there would be nothing that could be done to clean up this mess from within and that is what was the essence of this organization in the first place.
[quote=them]At the end, we all got burned on the Enron Scandal too.
[quote=ZachyAn]Now, what can be done now that a group of people were accused of corruption at the top, is there any way to stop this?” And I know this question was said while watching the Enron Scandal many times, but I have never actually seen such widespread allegations or this many people being leveled against each other over and over again. All the money comes from Wall Street and is very large. It takes a year to cover up a lot of money. When I see that I see some of my classmates who are already millionaires and billionaires, and I thought they were all at risk because of Enron, and I thought that the guy in the Wall Street suit was really a good guy.
But once you start paying attention to the way the companies are controlled, you realize there is a big picture. And that picture is not based on any specific person or group. It is based on what all these people do and what we take for granted. And most people with a high level understanding of their business would say that Enron was created to be. And that is incorrect. It is a disaster and it will never be remedied by anyone. Enron doesn’t take responsibility… and it’s not the fault of any one person. It’s the whole world to blame.
Enron and Enron Scandal: An Interview with The Muhlemann Brothers
When you’ve got a problem involving a business like Enron, you will often find that you have to go to court for money. I think a big factor in the bankruptcy of Enron and Enron Scandal was that the lawsuits were so expensive. So for your clients, it really was almost a hassle.
In addition to $10 to $20 lawsuits in my family from my young days until I got retired, I used Enron to make millions in lawsuits. Those lawsuits were expensive so for me, that was a
[quote=JennyS]There is so much scandal in the world with Enron[/quote][/quote]
But I’ve said it before and I’ll say it again. That does not mean, however, that there is no scandal with Enron.
Well let me say this. I never ever said that Enron was the reason for the collapse of Enron. In fact when I came into the world of Enron, I always felt the same way about Enron being what it was.
If there were a conspiracy behind Enron it is obvious. If there were other than a few people who did control Enron, there would be nothing that could be done to clean up this mess from within and that is what was the essence of this organization in the first place.
[quote=them]At the end, we all got burned on the Enron Scandal too.
[quote=ZachyAn]Now, what can be done now that a group of people were accused of corruption at the top, is there any way to stop this?” And I know this question was said while watching the Enron Scandal many times, but I have never actually seen such widespread allegations or this many people being leveled against each other over and over again. All the money comes from Wall Street and is very large. It takes a year to cover up a lot of money. When I see that I see some of my classmates who are already millionaires and billionaires, and I thought they were all at risk because of Enron, and I thought that the guy in the Wall Street suit was really a good guy.
But once you start paying attention to the way the companies are controlled, you realize there is a big picture. And that picture is not based on any specific person or group. It is based on what all these people do and what we take for granted. And most people with a high level understanding of their business would say that Enron was created to be. And that is incorrect. It is a disaster and it will never be remedied by anyone. Enron doesn’t take responsibility… and it’s not the fault of any one person. It’s the whole world to blame.
Enron and Enron Scandal: An Interview with The Muhlemann Brothers
When you’ve got a problem involving a business like Enron, you will often find that you have to go to court for money. I think a big factor in the bankruptcy of Enron and Enron Scandal was that the lawsuits were so expensive. So for your clients, it really was almost a hassle.
In addition to $10 to $20 lawsuits in my family from my young days until I got retired, I used Enron to make millions in lawsuits. Those lawsuits were expensive so for me, that was a
In the first part of the movie, Ken Lays close ties with George W. Bush, reveals that there was a political link to the scandal which is how he could have secured a number of subsidies for Enron. The anonymous tip (linked to Vahalla Scandal) in 1987 was the first time Ken Lays reputation was in question. Ken Lay denied knowing anything about the oil trading despite evidence.
“A man with a big idea”Ken Lay discovered Jeff Skilling – a man who was just like him. Jeff Skilling wanted to recreate the entire industry. Jeff Skilling introduced an accounting technique called Mark to Market, a technique unheard of in the petroleum industry. It let to the downward spiral of the company from then on because it became easier to modify accounts. He also introduced policies that instilled fear in the employees who would now not mind stepping on peoples feet for a big compensation.
“Guys with Spikes”Lou Pai EES $250 mil left company. Exit – mysterious Divisons lost more than a 1 billion but Enron covered up those figures.“Love me, Love Me”Stocks started going up in 1997. Biggest boom market – Enron Stocks were booming. Captured the attention of stock analysts. Created a campaign. Enrons executives adapted “Pump and dump”
Merger with PGE – adv of deregularised industry.“Love for Sale”Ratings of the stock were high. Analysts believed Enron blindly.Andrew Fastow (CFO) hated analyst John Olsen and had him fired.It moved to broadband. Announced partnership with Broadway. Enrons stock went up by 34%. Analysts were “Impressed” Struggled and the deal broke.Enron moved to weather. People were skeptic.“The Emperor has no clothes”Shares plummeted suddenly. They were the poster child of the new century. Investor saw something, something analysts