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Synopsis. The film begins with a profile of Kenneth Lay, who founded Enron in 1985. In 1987, the company becomes embroiled in scandal after two traders begin betting on the oil markets, resulting in suspiciously consistent profits.
Summaries. A documentary about the Enron corporation, its faulty and corrupt business practices, and how they led to its fall. Enron dives from the seventh largest US company to bankruptcy in less than a year in this tale told chronologically.
The Enron scandal was a series of events that resulted in the bankruptcy of the U.S. energy, commodities, and services company Enron Corporation in 2001 and the dissolution of Arthur Andersen LLP, which had been one of the largest auditing and accounting companies in the world.
But that is the impact of Enron: The Smartest Guys in the Room, the inside story of one of history’s greatest business scandals, in which top executives of America’s seventh largest company ...
On June 15, 2002, Andersen was convicted of obstruction of justice for shredding documents related to its audit of Enron. Although the Supreme Court reversed the firm's conviction, the impact of the scandal combined with the findings of criminal complicity ultimately destroyed the firm.
Apr 24, 2007 · An Academy Award-nominated study of one of the biggest business scandals in American history, this film chronicles a corporate disaster in which executives walked away with over $1 billion, leaving investors and employees with nothing.
People also ask
What happened to Enron & Andersen?
What happened to Arthur Andersen?
Why was Arthur Andersen accused of reckless standards?
Was Arthur Andersen complicit in Enron?
On January 17, 2002, Enron dismissed Arthur Andersen as its auditor, citing its accounting advice and the destruction of documents. Andersen countered that it had already ended its relationship with the company when Enron became bankrupt.
