Enron dives from the seventh largest US company to bankruptcy in less than a year in this tale told chronologically. What new financial markets did Enron create? Skilling emphasized in his testimony before Congress that he was only acting in the interests of the shareholders. Same question with regard to Sheri Watkins Why? Log in here for access. Thousands of people lost money, workers in the company lost jobs, executives were sentenced to prison and other's defamed their names and there was even suicide. Based on the book by Bethany McLean and Peter Elkin, this documentary holds the viewer glued to the seat because one cannot believe, for a moment, what one is watching on the screen. 1. Who were some of the key enablers in facilitating Enron’s - 2 pages. The Enron scandal is important to several social studies concepts because it changed many legal regulations on large companies and influenced all Enron investors. After watching the movie, do you agree that Jeff Skilling and Ken Lay were the “smartest guys in the room” or would it depend on the room? How did it start? Phase 3 - Philosophy Deliverable Length: 4-5 paragraphs Unfortunately, over the last several years, there have been many examples of illegal and unethical business dealings; some involved practicing unethical accounting processes, as well as situations that involved public figures from various genres caught performing various questionable activities. Enron? Were any Get the unbiased info you need to find the right school. How was Enron able … 's' : ''}}. If not, what do you think would have been a better punishment? Provide examples from the film. What is the Difference Between Blended Learning & Distance Learning? Did the code of ethics have any influence on the day-to-day operations? Your Name: _____ Enron Documentary Rated R: The Smartest Guys in the Room Discussion Questions A Moral Compass 1. 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All other trademarks and copyrights are the property of their respective owners. How Does Tuition Reimbursement Work with Financial Aid? The movie profiles its two leaders, CEO Ken Lay and President Jeff Skilling, who lied and cashed in while their 20,000 employees were robbed of their life savings. {{courseNav.course.mDynamicIntFields.lessonCount}} lessons What did she mean by that? The film shows the reach of destruction from the Enron scandal. View desktop site, “Smartest Guys in the Room: Discussion Questions”. Agree or disagree with the following statement and justify your answer: ''When investing in the stock market, there is an assumed risk. At the end, Skilling went before Congress and claimed that the events were not actually as scandalous as they seemed, but that the problem was that the assets of Enron were tied up. Terms All rights reserved. People who lost even hundreds of thousands of dollars should have assumed that risk when they invested.''. 1) Explain the basic economic mechanisms that caused the fall of Enron. To learn more, visit our Earning Credit Page. The violation of corporate ethics, studies reveal, is not only detrimental for the company, but also for the corporate system. & 2. 4. Who is Bill Lerach and what are shareholder lawsuits? With this in mind, what are your thoughts on greed? market accounting” Why are these significant in the context of earlier by others? Privacy 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. 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. 2. Enron: The Smartest Guys in the Room I. 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