Category Archives: Enron: The Smartest Guys in the Room
This 2005 documentary, based on the best-selling book of the same name by Fortune reporters Bethany McLean and Peter Elkind, presents a study inside one of the largest business scandals in American history.
Most people can bear adversity; but if you wish to know what a man really is give him power. This is the supreme test.—Robert G. Ingersoll
Unless you happened to work at Vermont’s Ben and Jerry’s in 1985 when the 5 to 1 rule¹ was in effect, America’s corporations, unwittingly or not, promoted a type of culture that is “dog eat dog.” Under such merit-based systems, ambitious employees clock in long hours and rely on a variety of skills to climb the competitive corporate ladder to the highest tier of company leadership, where the best fruits of labor can be enjoyed.
Enron executives took this culture model and its fruits to an unprecedented level. For them, the culture wasn’t confined to activities in Enron’s trading floors and accounting offices; for this precious few, it became a way of life in which nothing was ever enough. Continue reading The Art of Enron→
The collapse of Enron and the conviction of its accounting firm, Arthur Andersen, mark a critical juncture in American business and political life. Not only the accounting profession but corporate America as a whole—and those charged with regulating it—must now confront what has been learned, what is at stake, and what can and should be done to restore public confidence in the integrity of the markets.
—Bigger than Enron, Frontline 2002
Do we even remember the rise and fall of the Enron Corporation very clearly? After all, a new generation has emerged since the company’s December 2, 2001 bankruptcy. And, noting the date, did some simply discard that news, since we were then, and are still, adjusting to the devastation resulting from the bombing of the World Trade Center towers?
General Michael Flynn, former National Security Advisor to President Donald Trump, has every reason to be sweating bullets at present. After pleading guilty to lying to the FBI about Russian contacts, General Flynn is at the mercy of Special Counsel Robert Mueller and his team of investigators. In addition to Flynn, three other henchmen of President Trump’s are in hot water relating to the investigation over Russian interference in the 2016 Presidential Election:
Paul Manafort, Campaign Chairman
Ricky Gates, General Flynn’s assistant
George Papadopoulos, Campaign Foreign Policy Advisor