Enron the Smartest guys in the Room

This films talks about Enron. How a gas

Company that originally was just a small

Company in Texas that was found in 1985

became to be one of the most important

companies in the US in just 5 years. But all

the successful of this Company was based on

lies. And that what’s the film talks about, how

Kenneth Ley took some decision that no

matter if they were legal or not, the only thing

he cares about is the money.

In the movie said that the president Lay for many years built a close relationship

with political leaders, especially in Texas with the president of US, Bush, father and

son, actively participating in financing their political campaigns, in fact some

analysts understand their relationship as the most important in the history between

President of the United States and a private corporation. It is said that Bush gave

billions of dollars in subsidies to Enron during his administration.

Lay in 1987 had shown that his priority was the money above ethics. A scandals

was emerged with two employees of the company. These employees was diverted

money to their particular accounts. What Lay did was nothing, he didn’t punish the

employees, and he argued that the sector on which those people was working

generated a lot of profits.

In 1992 Lay brought to the Company Jeff Skilling, who seems to have good ideas.

Skilling's proposal was to migrate from traditional gas trading scheme and bring

Enron to become a kind of market for gas, becoming its largest buyer and seller in

the United States. However most of its profits were false and hid millions in debt.

The directors of the company surely knew in detail the accounting, and consciously

decided to take risks of lying. His knowledge of the financial situation of the

company is evident most of the directors before announcing that the company was

in bankruptcy they sale of all the shares with higher prices.

Talking about auditors, banks, and suppliers may not have the same level of detail

of the financial information, but surely for their experience should understand that

something in the company wasn’t clear at all.

And the most affected people was the workers that even know about the financial

situation. The bankruptcy of Enron left 20,000 people without jobs, and 2,000

million dollars in lost pension and retirement unpaid.

In conclusion after saw this documental we know that is not possible build a

company based on lies and ambitions. There always rules and laws that we have

to fallow.

And something very curious about the movie is that they make relation about the

case of Enron and the movie Titanic were the captain say with the people until the

end, and in Enron the captain (Kenneth Lay) was the first one to run away with

millions of dollars.