However, it was getting hard for the company to cover up the real position of the business especially when they experienced severe losses from employees leaving the company, a failed partnership and expansion in India which never gained profit because the residents can’t afford the product. The film then revealed another tactic which is creating corrupt offshore corporate shells through Fastow to cover and move ENRON’s losses on those company. These questions led a market analyst to question the income of the company on a conference which Skilling avoided by calling him an “a-hole. The company never experienced any net loss which made people wondering how it is possible for an energy giant company to never experience any losses while other similar businesses experienced it. Subsequently, Skilling thought of another method to falsify the company’s real financial position through “Hypothetical future value which includes counting the business expected income in the future and excluding the losses of the company. One of the managements’ specialty is to create false income from a strategy called “mark to market which records the assets of the company using the recent value in the market. ENRON started from humble beginnings, from the dreams of Kenneth Lay to create a business and escape poverty however it soon became the core of the owners’ greediness. The director’s cut also shows the greediness and the erroneous administration of the top management composed by Kenneth Lay, the founder of the business, Jeffrey Skillings and Andrew Fastow, all of them are considered as the smartest guys in the room including their accomplices.
The film shows video tapes or footage and audio records that reveals the immorality of Enron’s employees and management and the non-existence of corporate values and proper leadership.
Enron the smartest guys in the room 123movies movie#
The movie is about a crime story and the bankruptcy of ENRON, one of the most successful and even considered as the 7th largest corporation in America, due to the fraudulent acts by the top management. The movie entitled “ENRON: Smartest Guys in The Room is based on a book with the same title written by Bethany Mclean and Peter Elkind.
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