BCS_431HW5 - Enron The Smartest Guys in the Room The video...

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Enron – The Smartest Guys in the Room The video “Enron – The Smartest Guys in the Room” was a very in-depth and revealing look at a company that saw such a powerful entity, one of the world’s biggest, come to an epic collapse. It showed how the company rose from its beginnings and turned into a power house for resources and uses of technological changes in the industries they focused on, through its problems that were masked as best as they could, until the frauds final uncovering and the bankruptcy of the company and aftermath. Kenneth Lay, the CEO of Enron at the time of its collapse, was a powerful figure at Enron. “Kenny Boy” was the nickname that was given to Ken Lay from President George W. Bush, son of former President George Bush whom Lay was close to as well. This nickname that was dubbed by the President is a prefect example of just how close their entire family was to Ken Lay and the power and pull he had with a family so closely tied to our nation and all of its resources. Being the CEO of one of the largest companies in the world and having the trust, resources, and influence of the country’s President gave him enormous power. The “guy with all the ‘bright ideas’” was Jeff Skilling, the initial big CEO of Enron that led them into the future with his ideas of how the company would work in their industries. Jeff was a visionary for the company. He thought up new ways for the company to bring energy in a completely different way, in a sense
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“trading” gas and resources like stocks on a stock market. One of the ideas and
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This note was uploaded on 07/12/2011 for the course BUS 101 taught by Professor Noname during the Spring '11 term at Albany State University.

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BCS_431HW5 - Enron The Smartest Guys in the Room The video...

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