I remember the Enron debacle and the jokes that followed. But what I remember most, being a Californian, were the rolling blackouts. A ball that was set in motion several years earlier with deregulation of the energy sector in California culminated with California power companies having to buy power at a rate higher than they could sell it, which spelled blackouts. Ah! Free markets and capitalism.
"Enron: The Smartest Guys in the Room" is an analysis of the Enron financial meltdown. There was so much I didn't know about it and this documentary certainly fills in the huge knowledge gaps I had. I think that the most important takeaway was that many parties had to be complicit with the business practices of Enron for them to have gotten to where they got. That was the most eye opening fact to me--that banks, lawyers, and America's oldest accounting firm were complicit in Enron's unethical practices.
This documentary can really rankle you, especially if you were victimized by Enron or a company like Enron. Just watching stuffy old white men rake in money while lying to everyone is infuriating. With a fallout of 20,000 jobs, billions in pension and retirement, and the other benefits lost, it's hard not to be upset knowing that the demise was orchestrated by a handful of greedy execs. "Enron" is a wonderfully enlightening documentary about unchecked greed coupled with the intelligence to exploit the system.
"Enron: The Smartest Guys in the Room" is an analysis of the Enron financial meltdown. There was so much I didn't know about it and this documentary certainly fills in the huge knowledge gaps I had. I think that the most important takeaway was that many parties had to be complicit with the business practices of Enron for them to have gotten to where they got. That was the most eye opening fact to me--that banks, lawyers, and America's oldest accounting firm were complicit in Enron's unethical practices.
This documentary can really rankle you, especially if you were victimized by Enron or a company like Enron. Just watching stuffy old white men rake in money while lying to everyone is infuriating. With a fallout of 20,000 jobs, billions in pension and retirement, and the other benefits lost, it's hard not to be upset knowing that the demise was orchestrated by a handful of greedy execs. "Enron" is a wonderfully enlightening documentary about unchecked greed coupled with the intelligence to exploit the system.