Speaking of Mark Cuban, we finally watched the documentary about Enron.
“The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron” (Bethany McLean, Peter Elkind)
based on this book
“Enron: The Smartest Guys in the Room” (Alex Gibney)
Could have been updated and expanded (Skilling sentenced to 24 years, Kenny-Boy deceased, more details about Ken Lays meetings with Arnold Schwarzenegger and Dick Cheney, mention of the email archive), but still a fascinating story. If one were ambitious (and had the time), one could expand the Enron metaphor to include the Iraq War debacle. The fraud relied upon a complicit media, complicit so-called experts, corrupt politicians and corrupt and venal corporate leaders. The rank and file employees gets screwed (wasted, nearly), energy prices are manipulated for short-term profit, and so on.
A film certainly worth watching.
Technorati Tags: Business, corruption
