When all of the lineman’s buddies were throwing their entire 401k into the company stock, its no surprise that an uneducated investor followed the crowd - and got burned. This documentary explores the fall of the Enron Corporation, arguably the most shocking example of modern corporate.
ENRON THE SMARTEST GUYS IN THE ROOM FULL MOVIE MOVIE
We live in a world with almost zero financial education. Enron: The Smartest Guys in the Room Photos View All Photos (24) Movie Info. If something seems too good to be true, it is.īut at the same time, I can’t help but feel sorry for the guy. That’s why I think empowering people to make smart financial choices is crucial.
Yes, the lineman’s 401k allocation is his own responsibility. By the time the company collapsed, his 401k dwindled to $1,200. At its peak, his 401k was worth more than $300,000. Two weeks later, Merrill Lynch allegedly received two deals from Enron worth $50 million dollars.Īt other times, the documentary made me sad, particularly when the filmmakers interviewed an electrical lineman - a guy who hangs power lines - who placed his entire 401k in Enron stock. Merrill Lynch fired the analyst, according to the film. The style of the film is much like that of a traditional documentary, replete with.
The emphasis is on human drama, from suicide to 20,000 people sacked: the personalities of Ken Lay (with Falwellesque rectitude), Jeff Skilling (he of big ideas), Lou Pai (gone with 250 M. The film discussed one Merrill Lynch analyst who publicly questioned the “strong buy” recommendation that every other analyst was issuing. ‘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. Enron: The Smartest Guys in the Room is truly a tale for our time. Enron: The Smartest Guys in the Room Enron dives from the seventh largest US company to bankruptcy in less than a year in this tale told chronologically.
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