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Review:Enron: The Smartest Guys in the Room (2005)
A must-watch movie for our generation. Especially interesting to those of us in the energy field inasmuch as part of the fraud included playing with California's energy supply for nearly a year.
- "Based on the book of the same name by Peter Elkin, director Alex Gibney's documentary takes a behind-the-scenes look at the powerful energy company whose downfall forever changed the landscape of the business world. With a blend of fascinating footage, fast-paced interviews and a wealth of information, this film is a serious lesson in the potential trappings of dishonesty and unethical behavior dogging corporate America today." (Netflix)
Reason for R Rating
"For language and some nudity"
There is a scene talking about one of the executives' obsession with strip clubs.
Leave the room during this segment, but leave the sound on.
On July 12, 2006, Sterling D. Allan wrote:
Billed as the largest bankruptcy ever, the Enron demise is something to which our generation must pay heed. Surely Enron is not the only company in our day engaged in the kind of greed-driven and unethical practices that brought about Enron's demise. They were focused on money, not service nor enduring principles. Anything to increase earnings, no matter how many people got hurt in the process.
They manipulated California's power for an entire year, creating shortages where there were no actual infrastructure reasons, driving up the price, and reaping the benefits -- all while citizens were injured and killed due to the outages, not to mention the economic burden it placed on the state.
I had no idea that the corruption was so wide and deep in this company and many of the agencies with which it had dealings. Major banks and financial institutions were complicit in perpetuating the inflation of this company that had been losing money in its core operations for years. Its success was artificial and superficial. Yet it had everyone dazzled.
When it crashed, it left somewhere around 10,000 in a major lurch. Many employees had put their entire retirement into the Enron 401Ks, which became worthless. Meanwhile many of the top executives walked about with multi-million dollar bonuses. The dynamics of its demise matched the dynamics of its heyday: success at the top at the expense of the suffering of many at the bottom.
And to think that George Bush wanted Ken Lay to serve as the U.S. Energy Secretary!
With guys like this being idolized in our society, it's no wonder that some of the alternative energy solutions are overlooked and are under-funded.
The movie is based on the book of the same name by Peter Elkin.
Still has a website: http://www.enron.com/
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