The smartest guys in the room movie movie#

The film comes to a harrowing dГ©nouement as we hear Enron traders' own voices as they wring hundreds of millions of dollars in profits out of the California energy crisis.

Based on the best-selling book 'The Smartest Guys in the Room' by Fortune reporters Bethany McLean and Peter Elkind and featuring insider accounts and incendiary corporate audio and videotapes, Gibney reveals the almost unimaginable personal excesses of the Enron hierarchy and the utter moral vacuum that posed as corporate philosophy.

The smartest guys in the room movie movie#

Once they started gambling and bluffing they had to keep playing this game to protect their reputation and involved more and more people in exchange of money and benefits.Enron: The Smartest Guys in the Room Movie Synopsis & PlotДirected by Alex Gibney, this is the inside story of one of history's greatest business scandals, in which top executives of America's 7th largest company walked away with over one billion dollars while investors and employees lost everything. Those qualities are important to be good leaders, but the impressive thing is that they use bad those traits of their personalities. They were smart, result oriented and motivational leaders. In Enron the executives and the managers were charismatic, open-minded and self-confident men. The main theme that the documentary deals with is the theme of the corruption. Examples can be John Olson who was fired because he did not recommend investing in the company or the journalist Mclean who has been accused of unmoral behaviour for having investigated the financial conditions of Enron. To protect their unfair game and the illusion they created, they had to attach and push away everyone who was against them. This shows the lack of a policy to regulate the HR inside the company. Soon, they gambled away all the reserves and they had to bluff the вЂ¦show more contentвЂ¦ It was a Darwinian approach were employees graded other employees and decided whether to fire them or not. When this fact was brought to the attention of the board of directors, Lay decision was to do nothing and, on the contrary, he encouraged the traders to gamble more. This is also an example of conflict of interest as Fastow had to choose between the interests of Enron and those of the other companies. Fastow created many companies such as LJM to make debts disappear.

To cover the reality, they soon started to create offshore phony books, to present falsified bank records and to destroy daily trading records. They did not stop acting like this even after the Valhalla Scandal where, for the first time, people doubted of the integrity, truthfulness and moral rectitude of Enron. Of course, they were exposed to stress and tension as they were performing bad and they had to manipulate the reality, they had to be creative and always invent new ways to cheat as failure was not an option. Even when people started noticing the inconsistency on data and some contradictions, вЂ¦show more contentвЂ¦ For this reason, they started acting dishonestly and more they cheated, more ideas they had to come up with in order to disguise the truth. The movie describes and analyses how the company grew and then collapsed quickly and surrounded by a gigantic scandal that can be seen as pride but also as arrogance, intolerance and greed.ДЇrom one side it can be considered as pride because the people involved didnвЂ™t want to admit that they were going down. In fact, few years before the bankrupt, Enron was the 7th largest corporation in the USA that took 16 years to go from 10 billion assets to approximately 65 billion, but in only 24 days it went bankrupt.

Show More The documentary вЂњEnron: The Smartest Guys in the RoomвЂќ deals with вЂњone of the most America's largest corporate bankruptcyвЂќ, as it reports the documentary itself.