Enron: The Smartest Guys in the Room
Smart? Depends on how many years they get.
Enron, the now-bankrupt energy trading company, had a motto: “Ask Why.” Ostensibly it meant that Enron employees were expected to look at complicated situations and “Ask Why” they couldn’t turn them into profits. A documentary set for release tomorrow, Enron: The Smartest Guys in the Room, catalogs the multitude of instances where Enron’s motto was interpreted as “Ask Why we can’t break the law,” and “Ask Why we have to follow proper accounting regulations.” The result, of course, was one of the largest corporate implosions in history.
Enron was born out of Kenneth Lay‘s evangelical belief in deregulation. Through his own quotes and analysis from experts like Kevin Phillips, it becomes clear that Enron’s business model was only possible thanks to the easing of restrictions on energy companies that resulted from political connections and intense lobbying.
The above from this site
Enron: The Smartest Guys in the Room — 1115.org
So many similarities
