Enron The Smartest Guys In The Room Summary Reaction Paper

But a chain of events lead to an enormous shock on the wall street and went down in history as one of the biggest business scandals. The smartest guys in the room from cognitive moral development to group norms etc. The smartest guys in the room is a story about the greed in corporate america that is always exposed after the fact.

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At the time of the collapse enron was the largest bankruptcy in history.

Enron the smartest guys in the room summary reaction paper. The smartest guys in the room the documentary film enron. Like today s real estate and credit crisis the enron debacle was based upon a betrayal of trust. That s in human nature. But in just a matter of 24 weeks all accomplishments fell apart as the company filed bankruptcy employees lost jobs enron s stock dropped rock bottom and billion dollar pensions disappeared.

The smartest guys in the room kenneth ken lay the founder of enron corporation grew up from a poor family. The smartest guys in the room reaction paper. Claims of over 100b revenues with 20 000 employees enron became the seventh largest corporation in america and represented a new breed of business. The smartest guys in the room frauds and financial scandals in the business world were before an enron s case and will be after it.

The film examines the 2001 collapse of enron. Ken lay works many jobs at the same time. The smartest guys in the room 2005 seems to be prescient of the kind of corporate arrogance we are seeing in america today that has precipitated yet another even worse financial crisis. He was aiming to make wealth for himself and for his family.

Enron was the sixth largest energy company in the world at its height. The enron story is one of money and politics which are two areas that embody the culture of big business in america. Enron scandal overview the enron scandal was a financial scandal involving enron corporation and its accounting firm arthur andersen that was revealed in late 2001. His father was a baptist ministry.

This paper will focus on the business ethics issues at enron that were raised from the documentation enron. The example of enron chronicled in the film enron.