enron the smartest guys in the room transcript documentary

In addition, it is reported that Enron's CEO, Louis Borget, corporate funds diverted to an offshore financial center.Īs in an audit these machinations were not revealed, Kenneth Lay encouraged his employees ' to rake in billions more.

Just two years after the founding of Enron was involved in a scandal when graduating two securities dealers with company funds risky transactions in the oil market. The film won the Independent Spirit Awards 2006 for Best Documentary and was nominated for the 2006 Oscar.Īgainst the background of the hearing will be conducted later career and the scandals of Kenneth Lay, who founded Enron in 1985, pointed out. It includes interviews with the authors McLean and Elkind, with former Enron executives Enron brokers, analysts, journalists, former California Governor Gray Davis, and contains proprietary recordings of staff meetings as well as original recordings of the hearings after the bankruptcy. The film deals with the collapse, which was caused by extensive accounting fraud of the responsible manager.Īlso, the film shows the involvement of the company in the California electricity crisis. energy giant Enron and led in 2001 one of the largest bankruptcies in economic history brought that destroyed over 20,000 jobs and, among others, the staff pension fund over two billion dollars. In 2008, the original DVD was released with German subtitles.ĭue to consistent accounting fraud to enrich the managers in charge of U.S. The documentary, released in 2005 based on a book by Bethany McLean and Peter Elkind.īoth are in the credits of the film as authors mentioned together with director Alex Gibney.

The film won the Independent Spirit Award for Best Documentary Feature and was nominated for Best Documentary Feature at the 78th Academy Awards in 2006.Enron - The Smartest Guys in the Room is a documentary about one of the biggest bankruptcies of U.S. The film features interviews with McLean and Elkind, as well as former Enron executives and employees, stock analysts, reporters and the former Governor of California Gray Davis. The film examines the 2001 collapse of the Enron Corporation, which resulted in criminal trials for several of the company's top executives it also shows the involvement of the Enron traders in the California electricity crisis. McLean and Elkind are credited as writers of the film alongside the director, Alex Gibney. Enron: The Smartest Guys in the Room is a 2005 documentary film based on the best-selling 2003 book of the same name by Fortune reporters Bethany McLean and Peter Elkind, a study of one of the largest business scandals in American history.

Enron the smartest guys in the room transcript documentary