Enron the smartest guys in the room full movie

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), and Andy Fastow (the dark prince) dominate. We live in a world with almost zero financial education. Enron dives from the seventh largest US company to bankruptcy in less than a year in this tale told chronologically. If something seems too good to be true, it is.Д«ut at the same time, I canвЂ™t help but feel sorry for the guy. ThatвЂ™s why I think empowering people to make smart financial choices is crucial. Yes, the linemanвЂ™s 401k allocation is his own responsibility. It tells the story of how Enron rose to become the seventh largest corporation in America with what was essentially a Ponzi scheme, and in its last days looted the retirement funds of its employees to buy a little more time. By the time the company collapsed, his 401k dwindled to $1,200. No matter what your politics, 'Enron: The Smartest Guys in the Room' will make you mad. 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.ДЄt 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 film discussed one Merrill Lynch analyst who publicly questioned the вЂњstrong buyвЂќ recommendation that every other analyst was issuing.

Enron the smartest guys in the room full movie