Sunday, January 29, 2006

Enron: Smartest Guys in the Room

I had totally forgotten about the trial until I watched this movie and, at the very end, it said that they were to go on trial in January of 2006. The next day it was all over the news about jury selection and all that business.

It's a great portrait of greed and the late 90s euphoria that so many were feeling.

There was one part that seemed especially on point: at a stockholders meeting, Kenneth Lay unveils a sign that changes from "Enron, world's best energy company" (or something similar) to "Enron, world's best company."

At that point it was easy to figure out that these guys had grown to big for their own bridges. Their yearning to achieve such an unrealistic goal left them with unreal profits and eventually brought the whole thing down.

Well worth it.


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