Enron: The Smartest Guys in the Room
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The inside story of one of history's greatest business scandals, in which top executives of America's seventh largest company walked away with over one billion dollars, while investors and employees lost everything. Based on the best selling book.
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One thing I really enjoyed was seeing Bethany MacLean offering her insight into the company during different segments. This was important to me since she is the author of the Forbes article that questioned how Enron was making money (before the scandal broke). Another interesting feature of the film is that it offers audio clips of traders laughing at how they were taking advantage of the state of California during a rolling brown-out (which they manufactured) by selling them electricity at obscene rates. Other video/audio clips are incorporated to let the viewer see/hear the disdain Enron's leadership had for others in their own words.
The film doesn't go too deeply into the specifics that only an accountant or attorney would understand, however the producers do provide plenty of evidence of the criminal behavior as well as the manipulation by Enron's leadership of others for its own ill-gotten gain. This film also provides insight into a large number of different schemes Fastow and Skilling used to fraudulently report revenue as well as hide debt from the balance sheet in order to make its earnings look much better than they actually were.
This is a good film to get an overview of how bad Enron was before its collapse. I would recommend anyone who wants a basic understanding of the rise and fall of Enron to see this movie.
Not only does this documentary cover vasts amount of complex events in a very simple, down to earth style, it is also very stylish and entertaining to watch. I also like how it covers what Enron did to the state of California, exploiting their deregulated energy market to a point even beyond just exploitation, you get to hear old recordings of Enron traders while on the job, and what they were recorded saying is just sickening.
However it also stays classy and never even touches on the possibility that Cliff Baxter died due to foul play and how questionable the investigation into his "suicide" was. I would have like to have seen that, but I respect this documentary for not even mentioning that, since they just stuck to the objective facts.
A very powerful tale of morality, exceptionally done. More than highly recommended.
Most recent customer reviews
Love the scene where the finance brokers of ENRON in Texas tell the operators of the...Read more