Enron, the American Enron Energy Company, the seventh largest company in the United States, went bankrupt three years ago in just one month due to various black-box operations and accounting methods. The simultaneous bankruptcy of Enron and WorldCom led to the instantaneous downfall of Andersen, the largest accounting firm in the United States. So the "Big Five" accounting firms in the world have become the "Big Four". The downfall of Arthur Andersen led to the promulgation of the vigorous Sabine Act. The Sabine Act has made extremely thorough reforms to all listed companies and accounting firms, which directly led to the restructuring of all accounting firms, the loss of customers, and even caused many listed companies to stop their stock listings. The Sabine Act is not only the American accounting in the 21st century, it is the American business community in the 21st century.
Judging from such a series of developments, Enron's bankruptcy is undoubtedly a historical event.
I think only people with abnormal thinking like mine will be excited about these things. I am very excited to watch this documentary, I watch it more with gusto than all Hollywood movies. How can one or two Hollywood screenwriters compare to the world's top smart people in reality?
Murder: Enron's top strategy director shot himself.
Erotica: The president of Enron's subsidiary company (looks like a Chinese) and the stripper are in entanglement.
Politics: The founder and chairman of Enron is very close to the Bush family. When Enron made trouble in California and the former governor of California asked Bush for help, Bush actually said that he didn't care, so the former governor of California only fell. Anron also very far-sighted foreseeing that Schwarzenegger will become governor of California and had a series of secret talks with him in advance. The Terminator ultimately protects Enron's development in California.
Sabotage: In order to make up for the company's losses, Enron repeatedly secretly instructed California's power plants to terminate power generation, which has already raised electricity bills. The power outage caused countless car accidents, and countless people were locked in the elevator. It is unknown if there were any casualties. Electricity costs have risen from more than 50 yuan to more than 1,000 yuan.
Conspiracy: Enron's chief financial officer set up hundreds of small companies to conduct investment transactions with dozens of banks. These transactions make the company appear to have reduced debt, but it is not at all. The financial director sets up these small companies just like in the game. For example, the legal person of a small company is called M. YASS. What is it actually? MY ASS (my ass).
World situation: All employees of Enron were deceived by the management, and they invested their retirement funds in Enron stocks. Enron went bankrupt and the stock was worthless. These employees have worked honestly for their entire lives, with no pensions. The senior management who was the chief culprit in Enron sold hundreds of millions of stocks before the bankruptcy. The two leaders of An Ran, the chairman and the CEO, have not been in jail so far. Enron's other management, such as the president who looks like a Chinese, still guards hundreds of millions of fortunes in Hawaii.
Many people compare Enron to the Titanic. Enron is much worse than the Titanic.
When the disaster happened, the captain of An Ran had already gotten on a lifeboat and escaped. The remaining employees and investors in the boat are confused and at a loss.
You said, is the real world more exciting than movies?
At the end of the documentary, I
played this song and read its lyrics. It felt very appropriate: God is busy with his own business.
I'd sell your heart to the junkman baby
For a buck, for a buck
If you're looking for someone to pull you out of that ditch
You're out of luck, you're out of luck
Ship is sinking
The ship is sinking
The ship is sinking
There's a leak, there's a leak in the boiler room
The poor, the lame, the blind
Who are the ones that we kept in charge?
Killers, thieves and lawyers
God's away, God's away
God's away on business, business
God's away, God's away
God's away on business, business
Digging up the dead with a shovel and a pick
It's a job, it's a job
Bloody moon rising with a plague and a flood
Join the mob, join the mob
It's all over, it's all over
It's all over
There's a leak, there's a leak in the boiler room
The poor, the lame, the blind
Who are the ones that we kept in charge?
Killers, thieves and lawyers
God's away, God's away
God's away on business, business
God's away, God's away on business, business
Godddamn there's always such a big temptation
To be good, to be good
There's always free cheddar in a mousetrap, baby
It's a deal, it's a deal
God's away, God's away
God's away on business, business
God's away, God's away
God's away on business, business
I narrow my eyes like a coin slot baby
Let her ring, let her ring
God's away, God's away
God's away on business, business
God's away, God's away
God's away on business, business
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