(2005). The fraud caused a serious ethical dilemma at the company and eventually led to its closure. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly . While they got rich, staff for companies owned by Enron, who reinvested their pay in the company for their retirement now were left with nothing. 2 Ethical issues in Enron video: "The Smartest Guys in the Room." In the documentary Enron: The Smartest Guys in the Room, Jeff Skilling, Ken Lay and other executives of Enron combined a series of unconventional and unethical business and accounting practices to inflate Enron’s worth and supposed revenues to an exaggerated amount throughout the 90’s. Ethical Implications of Enron. Enron: The Smartest Guys in the Room is a 2005 American documentary film based on the best-selling 2003 book of the same name by Fortune reporters Bethany McLean and Peter Elkind, a study of one of the largest business scandals in American history. It was highly a competitive, cut-throat culture that created an environment where workers would do almost anything in order to thrive. The Smartest Guys in the Room PDF Summary by Bethany McLean & Peter Elkind give an account of the lightning growth and an even quicker fall of Enron. However when their loan funds dried up, the company imploded. Views: 468. Corporate Values, Workplace Decisions and Ethical Standards of Employees, Journal of Managerial Issues, 20(1), 68-87. Unethical Issues Enron The Smartest Guy In The Room Enron: The Smartest Guys in the Room Enron Corporation was an energy, commodities, and service company out of Houston, Texas founded by Kenneth Lay in 1985 Lay built natural gas power energy in East Texas which helped Enron’s stock rise. Barely addressing environmental and social justice issues, the filmmakers instead choose to focus on organizational culture, leadership, and ethical decision making within the corporation. Just from $13,9/Page. Background of Enron: Enron was actually formed in 1985 by Kenneth Lay by the Merger of Inter North … Gibney, A. In truth, even as they angrily pointed fingers, the two deserved each other. Cliff Vaughn is culture editor … 3. was a vast number of ethical issues raised in the movie “Enron-the Smartest Guys in the Room” but the four I … At Enron, the culture of fraudulent accounting practices continued for a while since it was shadowed by the top management and as a result, there was no room for disagreements as that would have resulted in one against many, which goes to back to the concept of threat to the harmony of moral muteness. Enron … In the documentary The Smartest Guys in the Room, one PGE employee states that “ at the peak, I had about $348,000 and I sold it all for $1200” (Netflix The Smartest Guys in the Room at 1:40:14). Enron: The Smartest Guys In Th… How To Details. The Smartest Guys in the Room chronicles the history of Enron, from beginning to end. Louis Borget, Andrew Fastow, and Jeffery Skilling were the top management executives from 1985 … There was a vast number of ethical issues raised in the movie “Enron-the Smartest Guys in the Room” but the four I am going to focus on are listed below. The smartest guys in the room. The folllowing sample essay on Ethical Issues In Enron The Smartest Guys In The Room discusses it in detail, offering basic facts and pros and cons associated with it. 4 Ethical Issues with Enron Essay 1005 Words | 5 Pages. Assignment Details: In this assignment, you will watch Enron: The Smartest Guys in the Room and then use your readings to answer the questions below. Discuss the ethical dilemma in this case using one or more of the following ethical theories: Virtue, Utilitarianism, Universal, and Ethical Relativism. It examines one of the biggest corporate scandals in the U.S. history- the unexpected sudden collapse of one of the largest corporations in the world. In fact, few years before the bankrupt, Enron was the 7th largest corporation in the USA that took 16 years to go from 10 billion assets to approximately 65 billion, but in only 24 days it went bankrupt. This paper entails a description of he Smartest Guys in the Room. Everything Wrong With The Smartest Guys In The Room is consistently one of the most popular posts every month; according to my statistics, it’s been viewed 51,032 times. (producer). Get custom paper. No matter what your politics, "Enron: The Smartest Guys in the Room" will make you mad. Tim Belden was a fervent believer in the idea of free markets and as such he spent hours poring over the new rules for the deregulation of California's energy industry, looking for loopholes that Enron could exploit to make money. It introduces us… The movie is about a crime story and the bankruptcy of ENRON, one of the most successful and even considered as the 7th largest corporation in America, due to the fraudulent acts by the top management. But the debate over corporate conduct remains relevant. That’s in human nature. In the last phases of Enron, they sustained their operation throughout loans from banks ND investors. Using ENRON: The Smartest Guys in the Room As a Live Case Illustration of Financial Concepts and Ethical Issues Patty Hatfield and Aaron Buchko Bradley University The academy award nominated documentary, ENRON: The Smartest Guys In the Room can be used as an innovative teaching tool in corporate fìnance and business ethics. Enron's heyday has long ended. January 23, 2015. The entire story of how Enron Corporation, one of the world’s major energy giant, collapsed is beautifully portrayed in the 2005 documentary film called “The Smartest Guys in the Room” which is based on the best-selling 2003 book of the same name, written by … Art Anderson, Ken Lay and all of the other executives did a number of unethical things which ultimately brought down Enron and affected thousands of employees and their futures. This paper will focus on the business ethics issues at Enron that were raised from the documentation Enron: The Smartest Guys in the Room, from cognitive moral development to group norms, ... as well as for a close look at the ethical quality of the culture of business generally and of business corporations in the United States. It tells the story of how Enron rose to become the seventh largest corporation in America with what was essentially a Ponzi scheme, and in its last days looted the retirement funds of its employees to buy a little more time. The ethical dilemmas included conspiracy, securities fraud, false statement, insider trading, and fraud. 506. The Ethical Dilemma that I noticed in the movie Enron: The Smartest Guys in the Room, occurred with 46 minutes left in the movie. Review: Enron: The Smartest Guys in the Room. 2025. Gibney's 2005 documentary film Enron: The Smartest Guys in the Room reveals some of the main ethical weaknesses in an unbridled neoliberal capitalist market system. Submit to Canvas an MLA-formatted document (12-point font, double-spaced, Times New Roman) that answers each of the questions thoroughly with relevant detail and support. Reference. Download Paper: 10. I'm not inclined to say this is the reason the film is not only entertaining and informative even to those who lack knowledge of business practices, but it probably does contribute to its effectiveness. Enron. But that’s how Enron had always wanted it. One of the most significant corporate scandals in U.S is the Enron Scandal which led to the collapse of the Enron Corporation in 2001. The film allows Ken Lay, Jeffrey Skilling, Andrew Fastow, and the rest of Enron’s upper management weasels to hang themselves with their own words. Topics: Enron, Finance, Enron scandal Pages: 3 (1015 words) Published: November 5, 2011. He found plenty. On January 17, 2002 Enron dismissed Arthur Andersen as its auditor, citing its accounting advice and the destruction of documents. “Enron: The Smartest Guys in the Room” is no doubt a perspective on the doomed corporation, but its assembly of people and evidence makes a compelling look at what can happen when our moral compass is discarded. These are the recommended solutions for your problem, selecting from sources of help. Ethical issues that affect our society The three movies were very ethically wrong and there were a lot of interesting information that I didn’t know. How Wide Is The Washington Monument, Return to Transcripts main page. Directed by Alex Gibney, the film looks into the collapse of Enron Corporation that led to criminal trials of the company’s top directors. Whenever a helpful result is … Bethany McLean and Peter Elkind in The Smartest Guys in the Room. It is known that Enron has been the seventh largest company to declare the bankruptcy in the year 2001. This paper will focus on the business ethics issues at Enron that were raised from the documentation Enron: The Smartest Guys in the Room, from cognitive moral development to group norms, etc. The film examines the 2001 collapse of Enron. Enron was founded by somebody called Ken Lay in the mid-eighties as an energy trading company. It'd become one of America's largest in just a decade with accolades like "America's most innovative company." There was a vast number of ethical issues raised in the movie “Enron-the Smartest Guys in the Room” but the four I am going to focus on are listed below. Meticulously researched and character driven, Smartest Guys in the Room takes the reader deep into Enron's past—and behind the closed doors of private meetings. Topic: Enron: The Smartest Guys in the Room (The Movie) The following questions are asked in relation to the movie, Enron: The Smartest Guys in the Room. Enron scandal overview The Enron scandal was a financial scandal involving Enron Corporation and its accounting firm Arthur Andersen, that was revealed in late 2001. But there are errors in it and I see places where I could go into more depth, so I bring you the Expanded and Remixed Version of Everything Wrong With The Smartest Guys In The Room. The company began in the oil business after which it scoped out to working in electricity, Internet bandwidth and even ‘weather trading’. (8 pages) Views. Enron: The Smartest Guys in the Room Summary of the movie: The movie was basically about the perhaps the biggest scandal of “Cooking the Books” by a company in the American History, which not only affected the company but also badly damaged the Auditing Firm and ultimately it dissolved. (2005). 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. ‘Enron: The Smartest Guys In The Room’ Frauds and financial scandals in the business world were before an Enron’s case and will be after it. But, by the end of 2001, the Enron scandal's ethics quagmire shattered that illusion as $74 billion was lost and lives were destroyed in the aftermath. The system has given 20 helpful results for the search "Enron: The Smartest Guys in th… how to". Enron Case Introduction After watching the video “Enron: The Smartest Guys in the Room”, (Youtube), several issues came into light. Enron: The Smartest Guys in the Room. 21 McLean, Bethany; Peter Elkind.The Smartest Guys in the Room.

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