Enron, an American energy giant that existed like a god around 2000, once achieved annual revenue of 101 billion US dollars. At the same time, Internet companies on the bubble were weaker than it. But the good times didn't last long. In that cold December of 2001, Enron declared bankruptcy due to textbook fraud and corruption scandals, which was as shocking as the 2008 financial crisis.
This film depicts the process of Enron's bankruptcy. The title of the film has a little bit of the title party, but the film has been linking the word smart with Enron. As we know, the difference between the words smart/intelligent/wise is similar to the difference we said about aura/high IQ/wise. After watching this documentary, I feel that using the word smart is indeed more appropriate than a few other words.
Society is a human society, and events are human events. These are the smart guys who appeared in the film during the Enron bankruptcy more than a decade ago.
Kenneth Lee Lay
is always the leader of Enron, the founder, close to the Bush family, Ph.D. in economics, and undersecretary for the Department of the Interior (undersecretary for the Department of the Interior). Afterwards, following the wave of reforms, he resolutely abandoned the officialdom and went into business. Mr. Lei can be said to be a not-so-great liberal fighter. His life was a life of struggle with the US imperial government's energy economic regulation. It was precisely in keeping with the good policy of opening up by the party and the country in the 1980s that Mr. Lei slowly expanded the company he founded. Here, you can’t help but find that the less and looser the country’s economic control, the more people from other industries will devote themselves to commercial activities, such as during the time of President Reagan, such as in the early stages of reform and opening up in our country. .
At the end of the film, it only says that Lei will be tried around 2005. I checked it and it ended quite unexpectedly. In July 2006 before the sentence was pronounced after the trial, President Lei died of a heart attack, otherwise he would spend the rest of his life in prison. The time of his death inevitably makes people feel a little bit weird, and there are some conspiracy theories about this.
Jeffery Skilling
The CEO of Sri Lanka is the CEO of Enron, and the MBA of Harvard Business School. If Lei is always the leader of all walks of life, then the CEO of Sri Lanka is like Zhuge Kongming.
A story about him is: in an interview at Harvard, when asked if he was smart, he replied domineeringly: "I'm fucking smart." There is also a sentence in the film that says, "He is smart enough. And he was smart enough and he didn't even have to be that smart. "
The CEO of Sri Lanka attaches great importance to all kinds of ideas and is a fanatical pursuer of ideas. This is very similar to some teachers, with a little pedantic thinking. The difference is that the pursuit of academic pursuits is an idea that is interesting or that can post articles, while the CEO of Sri Lanka pursues an idea that can make money. From Enron’s adoption of the mark to market accounting system (which I don’t understand, it feels like a bluffing method of manipulating the company’s value), idle network bandwidth transactions, artificially created power shortages, etc. The ideas should come from him.
The CEO of Sri Lanka also represents the temperament of the company Enron. He always feels that smart brains and skillful ingenuity will defeat the normal operation of the system. This may also be a fatal flaw for smart guys like him and Enron. By the way, the CEO of Sri Lanka is in jail in Colorado and has been sentenced to 24 years.
Lou Pai's
Chinese name is Bai Lulong, quasi-ABC. He was born in the capital of the former dynasty in 1946. He went to the US when he was two years old. He has a bachelor's degree and a master's degree in economics. He is known as the little prince of mathematics. Bai Lulong is the boss of Enron's most core subsidiary, and it can be regarded as the chief general under the CEO of Lei Zonghesi.
He was the one with the largest amount of money in the Enron case. Before Enron went bankrupt, he threw out US$315 million in stocks, brought a huge sum of money back to the hidden mountains, and bought the hidden mountain and named it Baishan. At the same time, he is also the luckiest. He has been living in the mountains and forests so far and has not been sentenced because he and his wife divorced before An Ran's accident. This gave him enough reasons to explain why he wanted to sell the stocks he held. What is more dramatic is that he divorced because of a striptease girl, and after the divorce he married the striptease girl. Before, from the real estate tycoon's affairs, I felt that I could find true love again. Isn't this a more violent copy?
If the divorce is as it seems on the surface, you have to sigh the luck of this American, if not, you can't resist taking a deep breath for the American smart.
It can be seen from the film that two things are important in the American business world-credit and stocks. Therefore, to put it simply, this group of smart goods are played like this:
1. Control the value of the company through the accounting system to make it look very valuable
2. Then exchange high value for high ratings from analysts and credit rating agencies
3. A high rating can stimulate everyone to buy their stocks and bonds
. 4. The stocks will whizz up and grow, and everyone rushes to lend them money.
5. Then the value of the company based on the stock price can be manipulated to be higher
. 6. And then again. A cyclical
pair, a closer look, this is essentially the same as the ancient and "widely recited" Ponzi scheme.
There are also fun things like this:
1. Lobbying the California government and the federal government to open up the power industry
2. Buying most of California's power plants
3. Choosing an opportunity to create power shortages in the polar regions, such as several power plants at the same time pretending to be repaired For example, accidentally setting off fireworks and firecrackers burned the forest near the power plant, which made it impossible to generate electricity. For example, if you are in a bad mood, you are unwilling to generate electricity...
4. To play a game with the government and increase the price of electricity
5. Make a profit by raising electricity prices, and at the same time make a profit on products based on electricity prices and gambling agreements in other markets.
There was a car accident on the roads of Los Angeles, a few people trapped in the elevator of the building, and a group of people out of the city. What must be the sexual incident and this?
I still want to play like this but did not succeed:
1. Establish a network bandwidth market and treat network bandwidth as a commodity transaction, such as selling the bandwidth of ordinary people in the middle of the night
2. Not being the builder of this market, but the initial and largest transaction by
3. as a seller of Internet investing heavily in infrastructure
4. establish high-bandwidth consuming applications as the buyer, such as accounting for most of the network bandwidth applications, uh ~~ porn sites
5. the network bandwidth made spot and futures
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