include J. Clifford Baxter‚ an intelligent but manic-depressive executive; and Lou Pai‚ the CEO of Enron Energy Services‚ who is notorious for using shareholder money to feed his obsessive habit of visiting strip clubs. Pai abruptly resigns from EES with $250 million‚ soon after selling his stock. Despite the amount of money Pai has made‚ the divisions he formerly ran lost $1 billion‚ a fact covered up by Enron. Pai uses his money to buy a large ranch in Colorado‚ becoming the second-largest landowner
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greatness. The name Enron is now synonymous with fraud; the reality is that greedy smart people created the tragedy. The film examines the fraud starting with the Enron Oil trading scandal‚ the tenure of CEO Jeff Skilling‚ the mystery of Enron executive Lou Pai‚ the hiring and tenure of Andrew Fastow as CFO‚ the California energy crises‚ and the eventual bankruptcy of Enron. During each of thesemini Enron eras the person who always loomed in the background was Kenneth Lay the man who based his career on
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they were. The CEOs of Enron were Kenneth Lay and Jeff Skilling; very wealthy men‚ at the start of the company that is. On the other hand‚ Lou Pai wasn’t named a CEO‚ but was one of the company’s top executives. Leaving before the bankruptcy in the late 1990s allowed Pai to keep his wealth from the company without losing any of it from loss of stocks. Pai was known to be an aggressor or a driver. A driver is task oriented and expects efficiency from everyone with little emphasis on building relationships
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Enron “The Smartest Guys in the Room” The Enron: The smartest guys in the room it’s a documentary film based in an important and huge company that was involved in a huge scandal in the American history. The Enron Corporation when they first start was a successful company. In its beginning‚ Enron was a small company from Texas‚ after years Enron became in the seven largest business in the U.S. with a smarts an experts employees working for Enron. The founder was Ken Lay a smart executive. The company
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where‚ Jeff Skilling who was the CEO of Enron‚ Andy Fastow who was the CFO and Official Financial. Fastow cook the books‚ he open many investment partnership with companies as as Merill Lynch‚ and J.P Morgan Chase. Fastow promised them Eron stocks. Lou Pai he was CEO of Eron Energy Services‚ he left Eron with over $250 million he became the second largest land owner in Colorado‚ he purchased the 77‚500 acre. What made them make fraud was the ambition and greed. They misled their employees by telling
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Enron: The Smartest Guys in the Room is a 2005 documentary film based on the best-selling 2003 book of the same name by Fortune reporters Bethany McLean and Peter Elkind‚ a study of one of the largest business scandals in American history. McLean and Elkind are credited as writers of the film alongside the director‚ Alex Gibney. The film examines the 2001 collapse of the Enron Corporation‚ which resulted in criminal trials for several of the company’s top executives; it also shows the involvement
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Enron: The Smartest Guys in the Room Enron Corporation was an energy‚ commodities‚ and service company out of Houston‚ Texas founded by Kenneth Lay in 1985. Lay built natural gas power energy in East Texas which helped Enron’s stock rise. Louis Borget‚ Andrew Fastow‚ and Jeffery Skilling were the top management executives from 1985 until 2001. Each helped to bring about the demise of the company in multiple ways. One of the first scandals in Enron involved President Louis Borget and two traders
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accolades in the press and was named Fortune Magazine’s most admired company for several years; this created an atmosphere of supremacy and superiority within the business and the top company leaders (Gibney‚ 2005). Company leaders like Jeffrey Skilling‚ Lou Pai‚ and Kenneth Lay fostered an authoritarian environment within the company where whistleblowers or other doubters were humiliated and devalued; at the same time‚ the company was engaged in illegal and unethical business practices perpetrated against
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Enron: The Smartest Guys in the Room I. Review of the documentary Enron: The Smartest Guys in the Room is a documentary that was produced in 2005 as a reflection of the 2003‚ bestselling book with the same name. The documentary was written by Bethany Mclean and Peter Elkind. The film‚ produced by Alex Gibney is an explicit demonstration of how reputable corporations can tumble down because of illicit financial management. The film is about the Enron Company‚ which experienced enormous financial
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Manpreet Arora The Smartest Guys in The Room BAT4M Patel The Enron Scandal‚ one of the most controversial events to ever take place in the corporate world. Enron was once one of the top ten corporations in the world‚ but by committing unethical practices and numerous accounting violations‚ Enron became worthless in a matter of months. Enron was a Texas based energy company‚ providing products and services like electricity‚ natural gas‚ communications‚ and pulp and paper.
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