The smartest guys in the room full movie

So who will make money now? The second period of EnronвЂ™s history is connected with Skilling, who is a person with the biggest ideas of all. Mastreoni receives a suspended sentence, Borget spends 1 year in a prison. But a little later Enron is forced to disclose the information about those manipulations and all guilt is focused on Mastreoni and Borget. This tremendous news is hidden by the bluffing of the market and that is how Enron stays afloat. When the rumors become too strong, Mastroeni discloses real books and it becomes clear that all reserves of Enron are gambled away. Illegal actions start with the president of Enron Louis Borget, who takes about 3 billion $ of corporate funds in his personal account with the help of a treasurer Mastroeni and his phony books. Even then an improbable success gives a rise to doubt about legality of EnronвЂ™s business. Trading in oil market considers as a very risky business. An important episode of Enron is a contribution to the presidential campaign of George Bush, who lately helps to secure money in government subsidies and to promote Ken Lay with idea of deregulations. Kay Lay thinks that it would be beneficial for his new company that gas prices float with the currents of the market. A tendency to deregulations starts to develop in 1985 and in this very moment the Enron is founded. Not only he but other participants of a power and energy business share this outlook. In other words, he involves in the idea of deregulations. He convinces that government is not a solution but a problem to the business. Ken Lay wants to change a market of power and energy. Probably, his background plays an integral role in having huge ambitions to make wealth of him. Order custom essay Summary of the Film The Smartest Guys in the Room His father is a Baptist minister and their life is rather poor. But how it starts? It starts with Ken Lay, who comes to the story of Enron from humble roots. It is an innovative business with absolutely new business model. It is a seventh largest corporation in America, valued 70 billion $. After this crucial episode, viewers come to the best years of the Enron. And it was a conviction of the fraud that was happened. The first seconds of the film represent an end of it: John Cliff Baxter committed a suicide, being heartbroken with what was happened. But the beginning of this story is bright and ambitious.Д®nron represents a company of great promise. Working in a field of energy and power, having reputation of вЂunsinkableвЂ™ ship and demonstrating fascinating financial results, Enron dramatically collapsed almost in a day. From the beginning of the film it is clearly stated that the Enron case is exceptional. The film вЂEnron: The Smartest Guys In The RoomвЂ™ tries to answer the questions that all people somehow connected with the business world were interested in: How it could happened? What are the reasons and who is responsible for that? The film tries to lift the veil. Specialties were retold and discussed by analytics. For a long time sequence of events was a basis for articles and books, documental films and analytic researches. 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 success of the stock acts as the proof of the companyвЂ™s glory, which then fuels the stock - a cycle of illusion destined to unravel.вЂEnron: The Smartest Guys In The RoomвЂ™ Frauds and financial scandals in the business world were before an EnronвЂ™s case and will be after it. The income statement therefore becomes a fiction, one that exists to keep the stock price high. In a single stroke, Skilling, who resembles an angry Peter Jennings with a touch of a Charles Grodin weasel, appears to make it possible for Enron to declare its profit to be whatever the company wants it to be. The film invites us to zero in, for instance, on the moment that Enron seems to take the leap from routine go-go bravado to a fearless new dimension of financial insanity: ItвЂ™s when Jeffrey Skilling, the companyвЂ™s CEO, pushes вЂќmark-to-marketвЂќ accounting - thus booking potential future profits as if theyвЂ™d already been realized. The cure for that malaise is Alex GibneyвЂ™s Enron: The Smartest Guys in the Room, a deeply straightforward yet beautifully crafted documentary (itвЂ™s like a great Frontline episode with hipper music) that turns the vortex inside out, and does it with a thrilling moral clarity.

The smartest guys in the room full movie