Enron: The Smartest Guys in the Room

• fan_from_texas

  Anyone else watching this on CNBC? It's fascinating, albeit a little unfair to Enron.
  
  I think the portrayal of FERC is inaccurate, as is the portrayal of the California energy crisis. But Enron in general . . . wow, some shady things there.
• I Wear Pants

  Unfair to Enron?
• stroups

  

  I watched a little bit, I thought the part was funny when they were explaining how you have to rate other employees on a points system. Like they were trying to play corporate survivor. Easily one of the dumbest things I have ever heard.
• LJ

  

  I haven't seen it for a few years. We watched it in a financial ethics class in college. Good movie from what I can remember. We read some really good books like Den of Thieves and When Genius Failed.
• fan_from_texas

  I Wear Pants wrote: Unfair to Enron?

  I'm thinking, in particular, of the way ex-CA Gov. Davis acted like Enron was solely responsible for the CA energy crisis. History bears out that he was wrong then and is wrong now.
  
  Enron did lots of shady things, and many people were complicit in them. But I think it's still important to be fair and not paint them out as worse than they are.
• j_crazy

  

  I work with a few folks who worked for enron when that all went down. Some of them are like 50 and are at least 15 years from retirment. they got fucked to know end.
  
  
  In a related story, my sister and her husband live in the same subdivision as Rocky Emery (as well as Robert Horry, but that's neither here nor there). Emery was the accountant that allowed most of that shit to go down and somehow came out of the whole thing smelling like a rose.
  
  Website to read about Rocky Emery
• FairwoodKing

  Enron was one of my clients. Believe me, there were a lot of strange things going on there.
• queencitybuckeye

  j_crazy wrote: I work with a few folks who worked for enron when that all went down. Some of them are like 50 and are at least 15 years from retirment. they got fucked to know end.
  

  My understanding is that the employer match was in Enron stock, but that the employee-paid portion had other options in addition to Enron.