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The documentary "Enron: The Smartest Guys in the Room", is a must see for all those considering a career in business as well as those aspiring to careers charged with enforcement of white collar crime as well as corporate regulations in government. The detailed description of the Enron corporate scandal, bankruptcy and criminality was done with meticulous care and with attention to the multiple places where government and business leadership failed the stockholders, the employees and the country in general. The Enron business catastrophe has accurately depicted the consequences of the excesses of capitalism run wild with extreme attention to profits without concern for the ethically consequences of ones actions as individuals or as a corporate entity. It was an eye opening experience for all of the un-indicted lawyers, bankers and SEC regulators whom by their collective lack of action served as enablers to corporate crime. The recent ideological fad of deregulation and the time tested deadly sin of avarice are portrayed as the root of the problem. This cinematic work is highly educational as well as entertaining.
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From start to finish, this movie will keep you riveted. The actual footage of events gives the movie a 'timeline' kind of feel that is complemented by interviews from some of the key players and the authors. You'll learn things that will shock you, sadden you, fill you with disbelief and at times, outrage. You'll hear (among other things) actual recordings of Enron traders ordering the shutdown of electrical generating plants and laughing at the duress Californians endured. You'll learn how Grey Davis' presidential aspirations led to his recall, how the present Governor of California may have had a little 'help' from Enron and, not surprisingly, the cozy relationship between Ken Lay and the present administration. All-in-all, an EXCELLENT movie, and one I highly recommend you purchase for your own library, because you'll went to make sure all your friends see it as well. During an interview, Sherron Watkins points out that 'what happened at Enron can happen again'. By the time you're done wih this one, you'll understand why she thinks that way.
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A carefully documented history of the rise and fall of Enron and its unscrupulous leaders. I use it to teach business ethics at the college level.
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The film is a montage of interviews and news clips of some of the real people involved in the Enron collapse, not actors. The book of the same title, "Enron: The Smartest Guys in the Room" is much better, simply watching this DVD by itself will NOT give you an understanding of the Enron fiasco. Viewing the film without having read the book is a waste of time but once you've read the book the film gives the story a lot more depth.
If you only want to read one book about Enron, the book gives an excellent overview of the Enron debacle. Although it glosses over many of the details of the disaster it excels at giving the big picture and making it comprehensible. For a fuller perspective on what happened and why it happened you'll want to read "Conspiracy of Fools", "Enron, The Rise and Fall" and "24 Days" as well.
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The title of this superb documentary is right on target. Enron was very picky regarding its hiring practices. A minor flaw in one's resume would usually be enough to reject their application. This company definitely did not hire any dummies. And yet, Enron's "smartest guys in the room" failed to realize that the odds were stacked against them. Sooner or later, their world would almost certainly collapse. The Enron folks, for all practical purposes, were similar to the proverbial crazed gambler who consistently insists on betting their entire earnings on the slot machines in Las Vegas. Such a fool is doomed to become a tragic figure.
But if these guys (and gals) were so smart, what in hell happened? Why did they behave so irrationally? The answer: greed. It's nothing more complicated than that. They were blinded by the huge paychecks and sense of elitism. The Enron crowd was seduced by arrogance and sense of entitlement. They perceived themselves as present day gods and goddesses. This was their world---and outsiders should accept their lower place in the scheme of things. Director Alex Gibney deserves enormous credit. This dvd should be seen by everyone. Students considering a career in business will particularly find it invaluable. It might even discourage them from making similar mistakes in the future.
David Thomson
Flares into Darkness
Television Show
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