![the smartest guys in the room pdf the smartest guys in the room pdf](https://online.anyflip.com/axxru/npzp/files/mobile/1.jpg)
![the smartest guys in the room pdf the smartest guys in the room pdf](https://www.kino.tv/wp-content/uploads/2011/04/Enron_003-1.jpg)
To protect their unfair game and the illusion they created, they had to attach and push away everyone who was against them. This shows the lack of a policy to regulate the HR inside the company. Soon, they gambled away all the reserves and they had to bluff the …show more content… It was a Darwinian approach were employees graded other employees and decided whether to fire them or not. When this fact was brought to the attention of the board of directors, Lay decision was to do nothing and, on the contrary, he encouraged the traders to gamble more. This is also an example of conflict of interest as Fastow had to choose between the interests of Enron and those of the other companies. Fastow created many companies such as LJM to make debts disappear. To cover the reality, they soon started to create offshore phony books, to present falsified bank records and to destroy daily trading records. They did not stop acting like this even after the Valhalla Scandal where, for the first time, people doubted of the integrity, truthfulness and moral rectitude of Enron. Of course, they were exposed to stress and tension as they were performing bad and they had to manipulate the reality, they had to be creative and always invent new ways to cheat as failure was not an option. Even when people started noticing the inconsistency on data and some contradictions, …show more content… 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.
#The smartest guys in the room pdf movie#
The movie describes and analyses how the company grew and then collapsed quickly and surrounded by a gigantic scandal that can be seen as pride but also as arrogance, intolerance and greed.įrom one side it can be considered as pride because the people involved didn’t want to admit that they were going down. In fact, few years before the bankrupt, Enron was the 7th largest corporation in the USA that took 16 years to go from 10 billion assets to approximately 65 billion, but in only 24 days it went bankrupt. Above all, it's a fascinating human drama that will prove to be the authoritative account of the Enron scandal.Show More The documentary “Enron: The Smartest Guys in the Room” deals with “one of the most America's largest corporate bankruptcy”, as it reports the documentary itself. Smartest Guys in the Room is a story of greed, arrogance, and deceit-a microcosm of all that is wrong with American business today. It reveals as never before major characters such as Ken Lay, Jeff Skilling, and Andy Fastow, as well as lesser known players like Cliff Baxter and Rebecca Mark. Drawing on a wide range of unique sources, the book follows Enron's rise from obscurity to the top of the business world to its disastrous demise.
![the smartest guys in the room pdf the smartest guys in the room pdf](https://i1.sndcdn.com/artworks-4q2SxQc9YXlYLFGW-UHr0gA-t500x500.jpg)
Now, McLean and Elkind have investigated much deeper, to offer the definitive book about the Enron scandal and the fascinating people behind it.Meticulously researched and character driven, Smartest Guys in the Room takes the reader deep into Enron's past-and behind the closed doors of private meetings. But that was before Fortune published an article by McLean that asked a seemingly innocent question: How exactly does Enron make money? From that point on, Enron's house of cards began to crumble. Today, Enron is the biggest business story of our time, and Fortune senior writers Bethany McLean and Peter Elkind are the new Woodward and Bernstein.Remarkably, it was just two years ago that Enron was thought to epitomize a great New Economy company, with its skyrocketing profits and share price. And thirty years later, if you're going to read only one book on Watergate, that's still the one.
#The smartest guys in the room pdf full#
There were dozens of books about Watergate, but only All the President's Men gave readers the full story, with all the drama and nuance and exclusive reporting. The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron