The film begins with the murderous case of Enron’s top strategy director shooting suicide. The founder and chairman of Enron, Ken Lei, relied on his close relationship with the Bush family to help Lei during his tenure as the governor of Texas. Four tariffs, in addition, Bush Sr. also helped Enron companies obtain billions of dollars in government subsidies. Enron began to build a trustworthy company in the eyes of the public. However, Ken Rai’s strong desire for money was in the Enron scandal. , Lei did not deal with the two fraudulent traders, but suggested to them: continue to create benefits for Enron. However, there will always be a day when things go wrong. With the imprisonment of the Ace Money Printing Golden Boy, the question of Ken Lei will follow. Who will continue to make money for Enron? At this moment, Shi Jinlin appeared, Shi Jinlin He is an idea king. His most brilliant idea is to develop Enron into a natural gas trading market and turn energy into a tool for making money. In addition, he also put forward a condition, which is to allow him to adopt the same-day market price accounting principle, and this beginning has become the key point for the eventual collapse of Enron.
From the various measures taken by Shi Jinlin, it is not difficult to see that he is a bold and crazy person. In the interview at Harvard Business School, he confidently called himself smart. In order to obtain high bonuses, employees will work hard to get rid of all obstacles on his path to success. In addition, Shi Jinlin’s fanatical pursuit of risks led Enron employees to challenge things that ordinary people can’t imagine, and shape the company. He always arrogantly believes that a smart brain and skilled skills will defeat the normal functioning system. And this may also be the fatal flaw of a smart person like him and Enron.
Another clever person appeared, Lu Bai, a mysterious figure who only likes money and strippers. He created huge profits for Enron, but he was also the one who took away the most of Enron’s property. He created those figures for Enron. , Which seems to be true, but not true. Regarding his mysterious departure, An Ran chose to conceal it, and this also provided an excuse for him to explain whether Enron’s bankruptcy was related to it, because he and his wife divorced before An Ran’s accident. This gave him enough reason to explain why he wanted to sell the stock he held. I have to say that I was surprised by the luck of this smart man, but also took a deep breath for him.
Enron’s failure in natural gas forced them to start looking for the next idea. Enron began to acquire Portland Power. From then on, Enron began to enter the power generation industry. This is what they showed to "Wall Street" as an example of believing me, and the workers started. They used their retirement funds to invest in Enron, and they were all blinded by the illusion created by Shi Jinlin. Once Enron went bankrupt, the stock would be worthless. And these employees who have worked honestly all their lives, in the end, there is nothing. With the overvaluation of Enron’s stock by analysts, Shi Jinlin tried his best to continue to create dividends for shareholders at high speeds. Enron began to enter the broadband industry. However, because the technical problems have not been resolved for a long time, the market price accounting principle of the day was adopted to allow Enron's dream of estimating a future profit of 35 million has come to no avail, and the reality of not earning a penny has caused the company's senior executives to start selling Enron's stock. Enron’s several times hit a wall, but his senior executives still turned a blind eye to more and more warnings. They relied on the continuous surge in stock prices in 2000 to advertise themselves as model students of the new economy. Its culture constantly reminds their employees that we It’s great. After this culture spread around, Enron became even more invincible. Faced with the questions raised by Finance Weekly reporters, Shi Jinlin could not answer the question raised by the reporters of Finance Weekly. It was obvious that Enron never knew anything. At that time, he started to cheat, and this person was handed by Shi Jinlin. Enron’s finance minister, Andy Fastow, his main task was to conceal Enron’s financial situation and turn dream figures into reality. In fact, Enron Every year there is a deficit, and this smart man managed to make the annual financial statements show profit. Why is there a question that was supposed to be raised but no one raised it, because everyone got a share of it.
However, in reality, Shi Jinlin began to realize that the huge black hole in Enron's debt could not be filled at all. He began to really worry about how to make Enron's stock price continue to rise. At this time, Enron's energy service company came up with a way to achieve profitability. They turned their attention to California. They used the energy crisis as an excuse to shut out California’s power for two consecutive days. Then there was San Francisco. They wanted the government to open up its energy policy in order to increase the price of electricity. Therefore, with the liberalization of the energy system, Enron seems to be a joke-watcher. It will definitely make California look good, because they are nothing but money. These measures, which are only small actions for Enron people, only made Anran a small profit, and what really made Anran big money was a gamble on electricity prices, and as a result, electricity prices really rose.
In the movie, a Milton experiment is used to explain Enron's storm, because they have lost the ability to distinguish right from wrong. Once you accept that there is no principle in life, you can do everything. With the increasing anger of the people, Ken Lei arrived in California to demand Arnold Schwarzenegger. He proposed to continue to open the energy route, the market will correct itself, and eventually everything will be in place. In addition, Ken Ray also has a trump card in his hand, that is, George Bush announced that he will be president and that Ken Ray was announced as Secretary of Energy. Moreover, due to the economic downturn of Governor Davis and a budget deficit of 38 billion The next face is deposed, and it may be Arnold Schwarzenegger instead. The storm is really coming, and the ship full of smart people is gradually sinking. With Shi Jinlin's sudden announcement that he is not serving as the CEO of Enron, it means that the savvy rats of An Ran have begun to flee the shipwreck.
Shi Jinlin has officially resigned, Enron. The false accounts also began to be discovered by the employees of the company. She went to warn Ken Lei to understand the company’s false accounts. Because the companies that falsified the accounts would not succeed, so in just six weeks, Enron began to lose control, but Ken Lei still tells his employees that everything in Enron is developing steadily, but in fact, Enron’s accounting office, Enxinda, began to destroy Enron’s files. They used Andy Fastow as a scapegoat. Ken Lei said in a public speech. Said that I don't know anything about Andy Fastau, and I can't be responsible for his actions.
Anran finally declared bankruptcy, and the last life-saving boat had already left. This was something that Enron's grass-roots employees never expected. They invested all their pensions in Enron's stock, but in the end, nothing happened. did not receive. However, those high-level executives and executives of Enron sold nearly 1 billion shares.
All in all, Enron's failure is inevitable. Although it has won all over the world and won all awards, large and small, in terms of its corporate culture, it is a company that has lost its soul. It always believes that smart skills can After defeating the system, their arrogance and greed in the process caused them to suffer. They began to become people who didn't even know themselves. They only used money as the goal, and they had already lost their professional ethics. This documentary is wonderful. It presents the personality characteristics of those who want to change the world in Enron. His failure also warns some current enterprises. When an enterprise's culture is positioned in an incorrect position, when an enterprise is in the process of development When I lost my soul in China, I have to say that the demise of an enterprise has also begun.
View more about Enron: The Smartest Guys in the Room reviews
