Enron

The purpose of this case study is to evaluate Enron: The Smartest Guys in the Room, an award-winning 2005 documentary film which examines the collapse of the Enron Corporation. This evaluation is from a pecuniary and ethical perspective. Enron Corporation (former NYSE ticker symbol ENE) was an Ameri movement energy confederation that was originally involved in pass along and distributing electricity and intrinsic gas throughout the United States. It was founded in 1985 in Omaha, NB. The company latelyr relocated to downtown Houston, TX and was found in the Enron Complex. Enron transformed energy into a commodity that could be traded deal stock and bonds. Before its bankruptcy in late 2001, Enron sedulous approximately 22,000 staff and was one of the worlds leading electricity, natural gas, communications and pulp and paper companies, with claimed revenues of nearly $101 trillion in 2000. Fortune named Enron Americas Most Innovative Company for sestet f ull-strength years.

The top executives at Enron were: Kenneth Lay: Founder, Chairman, and primary(prenominal) executive theater director police officer Jeffrey Skilling: President, Chief Operating Officer, and CEO (February-August 2001) Andrew Fastow: Chief Financial Officer Prior to plug intoing Enron, Skilling told Lay that he would not join the company and build his new atom unless he could usance mark-to market accounting system. The concept of mark-to market accounting is essentially stating strength future prises as profits. Much of what happened at Enron can be linked to this form of ac counting. This radical whimsey of value ! came to define the way Enron presented itself to the world, justifying the millions in profits on a business before it had generated a penny in veritable revenues. Skilling felt that it reflected the true economic value. In a company skit that included Skilling, he called it is HFV: hypothetical future value. He persuade everyone of its benefit, including the Securities and Exchange Commission. On January 30, 1992, the SEC...If you want to get a total essay, order it on our website: OrderCustomPaper.com

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