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Posted on 11/1/22 at 9:43 am to Sam Quint
quote:
that's interesting. i'm a long time semi-follower of the Enron story and the folks involved. my hot take on it has always been that Fastow got off easy and Skilling got hit too hard (part of that is due to the fact that he adamantly refused to ever take any kind of deal and was so arrogant about it all). he's a guy that I'd love to randomly end up shooting the shite at a bar with.
Yea same. Even my old man lost money to those frickers. Similar to the one dude who got beaten to death in prison who had his office raided over in the Galleria. Forgot his name but his company would always call us asking to buy gold
Posted on 11/1/22 at 9:43 am to Sam Quint
quote:
bit of an oversimplification
You aren't kidding.
Posted on 11/1/22 at 9:46 am to SlowFlowPro
Yall sombitches gonna make me watch it
Posted on 11/1/22 at 9:47 am to The Egg
quote:
ehh it's free, i'll do that all day
hoopla is free, bro
hoopla and Kanopy have a crazy selection of movies for free
Posted on 11/1/22 at 9:50 am to Mr Boyles
Is it smartest guys in the room? If so, great doc, and book
Posted on 11/1/22 at 9:50 am to JumpingTheShark
It was this one. -- LINK
Posted on 11/1/22 at 9:52 am to Mr Boyles
Yep, that’s a good one. We had to watch it in audit class for accounting degree. I loved it and it also resonates with non accountants. Check out the book it’s based on.
Posted on 11/1/22 at 9:53 am to Mr Boyles
Few years after they collapsed a new co worker was talking.. he was in mid 50’s .. he mentioned he worked for Enron.. I asked how did it end up when all done with the bankruptcy… I recall his 401 took a hit because they were all heavily weighted toward company stock( it was increasing a lot more than index funds etc so most had the money directed to Enron stock)…. To make it worse you could also just automatically use salary and take it in additional Enron stock. His wife was a doctor so they put much of his salary into Enron stock and lived off hers…
He took it in stride but said pretty much lost everything.
He took it in stride but said pretty much lost everything.
Posted on 11/1/22 at 9:55 am to SlowFlowPro
That’s what I was hoping it was. I’m currently reading a book version of the same subject. I will definitely be watching this.
Posted on 11/1/22 at 10:03 am to shutterspeed
It is excellent. Very entertaining with a lot of people who are involved directly. The theme and substance actually mirrors the Enron story
Posted on 11/1/22 at 10:12 am to Mr Boyles
I work with a few people that worked at Enron when all this went down. They say that the company was all about stock price….as soon as you walked into the lobby it was everywhere…they were promoting it so employees would keep buying it…unfortunately when it went south there was nothing they could do…they were not allowed to sell it….one guy I think lost 75k and only got back like 5 or 10k. It was a bad situation and most of the employees had no idea what was going on. They started getting suspicious when the stock kept dropping and would not stop.
Posted on 11/1/22 at 10:52 am to LouisianaTigers
I just find it amusing that a LOT (almost ALL) of the employees knew the company was doing fricked up things... the Employees were a bunch of liars and snakes... the employees thought they were getting filthy rich.. the employees who contributed to the fraud (knowingly) ALL LOST EVERYTHING
Posted on 11/1/22 at 10:57 am to Mr Boyles
quote:
a LOT (almost ALL) of the employees knew the company was doing fricked up things
that's a pretty ridiculous assertion
Posted on 11/1/22 at 10:59 am to Mr Boyles
Might as well throw JP and their scams in the silver market into the mix. Steal billions on short manipulations and pay a $10 Million fine. There has been fine after fine after fine for over a decade. Along with trial after trial after trial.
Posted on 11/1/22 at 11:02 am to Timeoday
quote:
Did the gooberment really cause the problem?
The government did their part though – they totally destroyed a very respectable accounting firm -Arthur Andersen.
Posted on 11/1/22 at 11:05 am to mikeytig
quote:
The government did their part though – they totally destroyed a very respectable accounting firm -Arthur Andersen.
lol wut? AA was busy doing that to themselves because they were being paid to overlook the fraud. Frick them. They knew exactly what they were doing.
Posted on 11/1/22 at 11:11 am to Mr Boyles
Does it mention Pug Winokur and Dyncorp? Doubt it. The real shite is always covered up.
Posted on 11/1/22 at 11:21 am to FtheNWO
I know a lot of people who worked at Enron. They were all really smart. Also know Sharon Watkins - whistle blower.
My graduate school accounting prof predicted the failure long before it happened. He actually presented it one day in class - Exec MBA which included a few Enron folks in attendance. They tried to argue with him that he was wrong, but he gave them the floor and they could not refute one thing he said. He ended up testifying before Congress - Bala Dharan. Brilliant guy.
My graduate school accounting prof predicted the failure long before it happened. He actually presented it one day in class - Exec MBA which included a few Enron folks in attendance. They tried to argue with him that he was wrong, but he gave them the floor and they could not refute one thing he said. He ended up testifying before Congress - Bala Dharan. Brilliant guy.
Posted on 11/1/22 at 11:30 am to Mr Boyles
Is that the one called, "Smartest man in the room" or something like that?
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