Enron: the Smartest Guys in the Room

In the movie Jeff Skilling suggest that bullion is the only thing that motivates flock, and I agree with him. property might non directly motivate everybody but it plays a position in everybodys motivation. Money is the reason mountain stay in school longer than required, the reason people work, and the reason why people reap out of bed in the morning. It motivates people to work harder and longer. People want a house, car, clothes, and food, which you need currency in narrate to purchase.Money motivates people, which motivate a accompany, which motivates some other company to bring in more(prenominal) money than their competitor. This cycles is what builds our parsimony, and by building our economy we boost our estate and by doing so we start competitions with other countries. And these cycles prove that money is what motivates people, cities, states, and countries. What happened at Enron was both morally and de jure wrong. They not only committed hypocrite but they drained thousands of peoples retirement funds.I dont telephone one person is to unsaved for the whole scandal at Enron. I do think that Ken Lay, founder, chairman, and chief operating officer of Enron, had a major part that direct to the bankruptcy. When Enron stock reached $90 he told them that the set would keep climbing and that everybody should be investment in Enron, but Ken had started to deal out his stocks because he knew that the stock was going to drop. When he found out that Enron was in pecuniary difficulty he should have try to figure out ways to rig it instead of trying to save his money and properties.He was selfish and immoral and he played a very astronomical part in the bankruptcy on Enron. Auditors also played a part in Enrons Bankruptcy. Within eld of Enrons bankruptcy, revelations somewhat the companys finances showed that Arthur Andersen, the accounting company hired to audit Enrons books, had kept calm down about Enrons shaky condition. At the co rresponding era it was handling Enrons audits, Andersen was being remunerative millions of dollars by Enron as a adviser on new business.When the bankruptcy hit, Andersen employees, and their counterparts at Enron, began shredding documents to keep them from falling into the hands of federal official investigators. Bethany McLean believed that the Enron scandal was a true serviceman tragedy that merely involved grabby men, I agree with her statement. I think the top people working at Enron started out wanting to make a profit but as time when on and they started fudging teentsy things here and in that respect they realized that they could make an even larger profit, and nobody noticed there little changes.This is what I think turned them into the prehensile men that destroyed thousands of peoples jobs and money. I also believe that some other company like Enron is right somewhat the corner, but it will be harder to snatch on to what they are doing because they can extens ion what worked and what didnt work for Enron making them smarter in how they are going to turn a bigger profit. The Enron fiasco is a lesson that our country learned the hard way about how easily the truth can be hidden but it also taught is to oppugn when something seems too good to be true.