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Message
1
Posted on 11/1/22 at 11:35 am to BearCrocs
The Smartest Guys in the Room
Posted on 11/1/22 at 11:39 am to FtheNWO
quote:
Does it mention Pug Winokur and Dyncorp? Doubt it. The real shite is always covered up.
the book does
Posted on 11/1/22 at 1:46 pm to Mr Boyles
Thanks for posting. Just watched. Fascinating.
Posted on 11/1/22 at 1:53 pm to SlowFlowPro
quote:
Watching the doc is always mind-blowing to me as a lesson in how even hyper-intelligent people can delude themselves and fall into groupthink
Not really, it’s played out during human history.
Just happened with covid.
Trying to do the same thing with biology and men and women.
People with all the markers of being intelligent thinking it’s healthy for kids to believe in Santa and want to take hormone blockers.
This post was edited on 11/1/22 at 1:55 pm
Posted on 11/1/22 at 2:15 pm to SlowFlowPro
quote:
Every few months I put it on in the background.
Posted on 11/1/22 at 2:24 pm to Mr Boyles
quote:nah
What's so crazy to me is that there are thousands of ENRONS all over the world doing the exact same shite.
Posted on 11/1/22 at 2:26 pm to Mr Boyles
Enron was a huge supporter of Kyoto Protocol.
Posted on 11/1/22 at 2:40 pm to RollTide4Ever
quote:
Enron was a huge supporter of Kyoto Protocol.
Enron was fully supportive of carbon cap and trade because they were going to make a fortune in trading those markets.
It had nothing to do with environmentalism.
This post was edited on 11/1/22 at 2:41 pm
Posted on 11/1/22 at 2:42 pm to Mr Boyles
Enron was bad, but Arthur Anderson was the real disgusting actor in all of this. I assume the companies are immoral money hungry assholes, but the auditors are supposed to be the ones protecting the public.
It also lead to my industry getting bitch slapped to kingdom come.
It also lead to my industry getting bitch slapped to kingdom come.
This post was edited on 11/1/22 at 2:44 pm
Posted on 11/1/22 at 2:53 pm to Mr Boyles
Who has this on streaming?
Posted on 11/1/22 at 2:58 pm to Eli Goldfinger
had the idea to do Netflix 20+ years ago
Posted on 11/1/22 at 2:59 pm to TrueTiger
quote:
Wish they would do a new comprehensive one on HealthSouth. Talk about a circus.
quote:
quote:
bit of an oversimplification
You aren't kidding.
I'm a CPA who has worked in healthcare for some for profit companies with similar stuff to HealthSouth and Enron. It doesn't feel the same on the inside as it does looking from the outside.
However, when all the Enron shite went down (and the company I worked for as well) I realized for the first time in my 20 year career that I didn't just do a job and what someone told me to do. I was paid to have an opinion and that not raising my voice sometimes could potentially send me to jail.
I had multiple friends and neighbors working for Enron and other companies going thru similar stuff. Things I knew about and heard about didn't seem wrong at the time because they were such common practice in various industries.
The laws at the time had a LOT of gray lines. Insider calls, whispers, etc. If you know much about that stuff it's easy to see how it all happened.
Posted on 11/1/22 at 3:33 pm to LaLadyinTx
Speaking as an Enron alum, like you, we both know that the documentaries, the media reports and even the actions of the DOJ were over the top when compared to reality.
I'm not saying that there weren't serious nor criminal activity that needed to be addressed. I'm saying there was quite a bit of sensationalism in the reporting that unfairly tainted a lot of decent people there. It wasn't contained to just the bad actors.
I'm not saying that there weren't serious nor criminal activity that needed to be addressed. I'm saying there was quite a bit of sensationalism in the reporting that unfairly tainted a lot of decent people there. It wasn't contained to just the bad actors.
Posted on 11/1/22 at 3:45 pm to Mr Boyles
I haven't seen it - did they mention the Forbes journalist Toni Mack, and the piece she wrote on Enron in 1993 titled Hidden Risks? She was my aunt. I hope she got some credit for signaling the alarm on Enron's mark-to-market switch. I think she was the first to do so.
Posted on 11/1/22 at 3:48 pm to SlowFlowPro
quote:
Watching the doc is always mind-blowing to me as a lesson in how even hyper-intelligent people can delude themselves and fall into groupthink (or create the groupthink to shield themselves, allowing the delusion). Skilling is an insanely smart guy who kept pushing along even though he was failing.
And you of all people don’t see any irony at all in that statement?
Posted on 11/1/22 at 4:13 pm to NPComb
Another thing that is mind blowing to me - I have read that the WorldCom scandal made ENRON look like peanuts. I am going to watch the WorldCom Doc tonight - It's on Peacock
Posted on 11/1/22 at 4:33 pm to LaLadyinTx
quote:
I'm a CPA who has worked in healthcare for some for profit companies with similar stuff to HealthSouth and Enron. It doesn't feel the same on the inside as it does looking from the outside.
I am no CPA but it seems to me that Enron and HealthSouth violated the first and most basic principle of accounting in that the numbers and reporting should accurately reflect the economic condition of the company. Isn't that the first principle you learn in Financial Accounting 101?
Sadly they did not
Posted on 11/1/22 at 10:48 pm to Mr Boyles
quote:
What's so crazy to me is that there are thousands of ENRONS all over the world doing the exact same shite.
What about the government and the Fed? They are worse than Enron and get away with it everyday.
Posted on 11/1/22 at 11:15 pm to The Egg
quote:
the journalist that questioned enron's price, Bethany McLean...man have u guys seen her recently?
talk about aging like fine wine.
She's actually brilliant too, I've been following her work for a while. Very sharp woman to go with the looks.
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