Enron: The Smartest Guys in the Room

At the time of writing this entry, I have only blogged two DVDs, and I recommend this third one as much as the previous documentaries.

Earlier this week, I didn't feel like watching any more Alfred Hitchcock, although I enjoy his work, I felt like watching something to do with those nasty big corporations, that run the world. You know, like Enron.



As you can see by the image above, I chose, Enron: The Smartest Guys In The Room. If you have not seen it, are interested in this type of stuff, you may want to give it a look.

Quoted from description...

Based on the best-selling book of the same name by Fortune reporters Bethany McLean and Peter Elkind a multidimensional study of one of the biggest business scandals in American history. The chronicle takes a look at one of the greatest corporate disasters in history in which top executives from the 7th largest company in this country walked away with over one billion dollars leaving investors and employees with nothing. The film features insider accounts and rare corporate audio and video tapes that reveal colossal personal excesses of the Enron hierarchy and the utter moral vacuum that posed as corporate philosophy. The human drama that unfolds within Enron's walls resembles a Greek tragedy and produces a domino effect that could shape the face of our economy...

Listen to phone calls of stock traders cheer on California fires, as people die, so they can increase profits. You won't believe your ears. See, Enron controlled the energy markets, and by bringing down California power, during "Black Outs," the value of energy stocks would increase, this allowed them to fluctuate and manipulate their stocks and ultimately the cost being charged to the public. Americans were ripped off for millions, you must see this.

To quote Jeff Shannon, from Amazon:

The corrupt and closely-guarded mismanagement by Enron executives (including Kenneth Lay and Jeffrey Skilling, later placed on criminal trial) is revealed through such heinous concepts as "Hypothetical Future Value" (a way of reaping fortunes based on false profit projections) and the use of offshore "shell" companies to hide the massive losses that eventually toppled the company (along with the venerable Arthur Anderson accounting firm) and left 20,000 employees jobless. As a maddening portrait of hubris and white-collar crime, Enron transcends political and corporate boundaries by showing how smart and powerful men grew blinded by greed and brought ruin upon themselves, along with thousands of otherwise innocent victims. For better and worse, it's a perfect double-feature with eye-opening 2004 documentary The Corporation.

While many documentaries like to portray corporations, as big bad things, America will never be without them. It is best to educate yourself on them, and be aware of what is going on in the modern business world.