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The smartest guys in the room(movie&book) - Essay Example

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Alex Gibney produced the movie that tells the tale of how Enron, an infamous energy corporate company ascended to riches, fame through financial malfeasance, and later on flopped tremendously. The movie…
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The smartest guys in the room(movie&book) essay
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"The smartest guys in the room(movie&book)"

Download file to see previous pages Another form of malpractice that the company participated in is loaning money to itself in order to conceal debts. They also manipulated California’s’ energy supply using its electricity market. The movie elaborates how thousands of Enron employees lost their job in the scandal albeit their loyalty, while their bosses maintained their wealth. In reality, this movie is a criminal documentary that reveals how the executives of Enron, which was America’s seventh largest company, participated in a pansy scheme and got away. Their investors and employees succumbed to great losses while they walked away with billions of dollars (Sterling 22).
An ethical consideration is the rights and duties of an entity to its employees, customers and their fiduciary responsibility towards their investors. These considerations assist in maintaining the integrity of a profession by setting out standards. Professionals found in violation of ethical responsibility are subject to sanctions, withdrawal of licenses and charges by law. It is unfortunate that the pioneers of the pansy scheme involving Enron walked away scot free with billions of dollars while their employees and investors made huge losses. The underlying principle in ethics is choosing the right irrespective of the foreseen or unforeseen consequence. Ultimately, unconditional responsibility that surpasses belief and interest is essential for harmony in human interactions. After watching this film, it important to recognize that community support does not determine ethical standing. A company may donate or fund other projects generously but the behaviors that take place behind the scenes are the most crucial. Enron was the leading financier of George W. Bush 2000 election campaign but they had many hidden issues (Sterling 63).
I believe that justice was served in the Enron scandal. The executives associated with the issue faced ...Download file to see next pagesRead More
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