Enron: The Smartest Guys in the Room background creation
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Yvonne 2022-03-25 09:01:18
How to package oil, natural gas, electricity and other energy sources into futures and sell them like real estate before the subprime mortgage crisis? Because any rise in performance and stocks can make money, if the performance is not good, expand the publicity to fool people to buy stocks, and then the top executives cash out frantically. In the end, it is found that the stock price has plummeted, and it is the employees who hold stocks and the common people who are hurt. The usual method is financial fraud. Like Ruixing, the bottom-level employees and ordinary people are ultimately harmed. Zhang Yong, a former employee of Arthur Andersen accounting firm and now a shareholder of Alibaba, has benefited a lot from this farce.
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Shanna 2022-03-26 09:01:11
Enron's story itself is so fucking bad it bankrupted the seventh largest company in America in 24 days
Enron: The Smartest Guys in the Room quotes
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Kenneth Lay: [Q&A session with employees] All right, we are down to questions. And I got a few up here.
[reads question from the floor]
Kenneth Lay: 'I would like to know if you are on crack, if so that would explain a lot. If not, you may want to start because it's going to be a long time before we trust you again.'
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Jeffrey Skilling: Oh I can't help myself. You know what the difference between the state of California and Titanic? And this is being webcast, and I know I'm going to regret this - at least when the Titanic went down, the lights were on.