Take Money En Ron
The lessons we should learn. I recently saw the documentary about the Enron scandal, Enron: The Smartest Guys in the Room . Why? In part, curiosity, just to get a better understanding of what had actually happened. But mainly to see how it stacked up against current events. I was struck by the glaring similarities between then and now, so much so, that I am a little outraged. Here's a quick Enron scandal recap. Enron was an energy company whose executives schemed a system to generate false profits and growth until the company's ultimate downfall in 2001. At the time, it was the largest bankruptcy in U.S. History, somewhere around $63 Billion in assets. It is especially notorious due to many executives cashing out and letting the rest of the company hold the bag. The most responsible executives involved were Kenneth Lay , Founder, former Chairman and CEO and Jeffrey Skilling , former President, CEO and COO. The key thing about Enron's scandal was that the company could no...