Enron the smartest guys in the room free. "Independent Lens" Enron: The Smartest Guys in the Room (TV Episode 2005) 2022-10-27
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Technology has become an integral part of our daily lives. From the smartphones in our pockets to the computers on our desks, technology has revolutionized the way we communicate, work, and access information.
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Overall, technology has brought about many positive changes in our lives, but it is important to use it responsibly and consider the potential negative impacts. It is up to us as individuals and as a society to find a balance and use technology in a way that benefits us and the world around us.
Analysis Of Enron: The Smartest Guys In The Room: Free Essay Example, 1496 words
Lay created such a vicious corporate culture that encourage going beyond limits to create big money. Could it happen again? Based on the book by Fortune Magazine reporters Bethany McLean and Peter Elkind, the film explores the lengths to which the company went in order to appear incredibly profitable, and reveals how Lay, Skilling, and other execs managed to keep their riches, while thousands of lower-level employees saw their loyalty repaid with the loss of their jobs and their retirement funds. Managing Business Ethics, 6th Ed. For example, Pai would use a private jet for personal mission at the expense of the company. Finally, when the company was forced to fold their employees were sent packing in massive layoffs without any notice and 401 k s absolutely depleted, which is wrong, unethical, even immoral.
Enron: Smartest Guys in the Room Short Summary Essay Example
Social and psychological element also played a big role in Fastow criminal activities. This is where the Enrol scandal, also known as the Valhalla scandal, started. It was the organizational structure that encouraged employees to cross the ethical line. It is essential that a business influences the decision of users of its financial information. Prescriptive Reasoning Approach According to the documentation, those Enron people who faced ethical issues used different prescriptive reasoning approach to resolve their dilemma.
When some of their business and trading ventures began to perform poorly, they tried to cover up their own failures. After Enron, 'Mark to Market' Accounting Gets Scrutiny. What is the Performance Review Committee or rank and yank? Fastow justify his activity by arguing that the high market valuation was necessary to save Enron from falling. Andrew Fastow was the Chief Financial Officer at Enron. Using strain theory, Fastow fraudulent stole from the company in order to meet his expensive life. Having worked in the Industry for long, Lay had many associates, some in senior position.
Skilling had the ability to stop the unethical practices but he chose to let the scandal continue. Fastow creates a network of shell companies designed solely to do business with Enron, for the ostensible dual purposes of sending Enron money and hiding its increasing debt. When Skilling is appointed as the chief executive, he is given his role as creating wealth for the company. Various major scandals in the recent past have led to severe effects on the economy and the fall of important companies and institutions. Though, this issue is not considered as political for it really is a business issue. The audio tapes of traders at Enron revealed that the company had contempt for any value with the exception of making money.
"Enron: The Smartest Guys in the Room" by Alex Gibney
In the documentary, Pai is visible for his ruthlessness. He was of the view that the government involvement in the energy market was developing the problem rather than solving it. Lou Pai, who was running the Enron Energy Services EES , brought strippers into the Enron building. Fastow believed that he was smart and could help the company to overcome the economic situation. The Enron scandal and moral harzad.
Use «Enron: The Smartest Guys in the Room» Free Essay as a Perfect Example to Write Your Own Paper
He was a mysterious figure, like an invisible CEO. Learn more The movie, Enron: The Smart Guys in the Room, give us surprising detail of how the scandal took place. The collapse was a result of a long time venture into unchecked practices by the company through its executives. Kennedy associates encouraged him to use smart ways to acquire wealth from ignorant people. Also, Enron was supposed to have checks and balances which they failed to have.
"Independent Lens" Enron: The Smartest Guys in the Room (TV Episode 2005)
Kennedy uses his associates to conspire for unethical business deal. Garsten, Christina and Hernes, Tor. Learn More As a result of the deregulations, Enron was able to make biased representations of its records to parties who could be interested in such data. Motivational theory for instance provides that a management should understand the terms of contracts of its employees under psychological considerations. The investor was raising concerns with respect to why Enron, as the financial services company, was not publishing its balance sheet as the other financial services firms did.
Being said that, the corporation owes all stakeholders the obligations to meet their interests. Simply stated, the experiment sought to determine whether common people could actually do bad things or whether there was an evil strain that compelled people to do bad things. Enron: The Smartest Guys in the Room streaming: where to watch online? Financial statement may be used to indicate financial health when, in fact, the company is struggling with the cash flows, reporting losses, and is in debt as with the case of Enron. Take Andrew Fastow as an example, he might not start all the fraudulent financial activities in the first place; however, he decided to do so in order to please the boss, when Ken Lay wanted to see neat financial disclosures. Andrew Fastow Andrew Fastow was the chief finance officer of Enron at the time of the scandal.
