- #Stream enron the smartest guys in the room movie
- #Stream enron the smartest guys in the room full
- #Stream enron the smartest guys in the room software
The financial press, however, began to ask questions about Enron’s finances. The traders had gambled away all of Enron’s reserves, and Lay had known all along about the risks (Gibney, 2005).įrom 1998 to 2000, Enron’s gross revenues rose from $31 billion to more than $100 billion. There was a 1987 investigation of two Enron executives at the oil trading unit in Valhalla, New York that revealed offshore accounts and phony books. Enron transformed into a high-tech global enterprise that diversified into trading energy, water, weather derivatives, broadband and electricity.Įarly on, problems at Enron emerged. In 1988, the deregulation of electrical power markets took effect, and Enron transformed from a traditional natural gas energy company focused on energy delivery through gas pipelines to an energy broker company that brought buyers and sellers together (Sims & Brinkmann, 2003). However, in the words of Stein and Pinto (2011), “Our understanding of what transpired at Enron is by no means complete.”Įnron was created in 1986 from a merger of Houston National Gas and InterNorth (a natural gas pipeline company) with Ken Lay as its chair and CEO (Stein & Pinto, 2011).
#Stream enron the smartest guys in the room movie
Enron’s rise and fall is the focus of numerous articles in the mainstream, trade and scholarly literature along with mass market books as well as the movie that forms the basis of this paper, “Enron: The Smartest Guys in the Room” (Gibney, 2005). After all, information security reaches places we can’t always see ourselves.Enron is a story about America’s largest corporate failure at that point in history-and a story about human tragedy. Additionally, it might give you the leverage to get the right security tools in place, to protect the valuable assets of the company, including your own personal details. While SOx compliance might complicate your work, it ensures the company does business in an honest and ethical way. While paranoia might not be the solution, a little bit more than average can’t hurt.
#Stream enron the smartest guys in the room software
For example the case when buying new software solutions which promise magic, or what about falling into the trap of e-mail scams. Most of us know this saying, yet we don’t apply it always. In the case of Enron we can actually discover the impact it might have on the market, on people’s jobs and retirement funds.Īnother things we can learn is that if something looks to be good to be true, it usually is. At the same time, fraud on every level in the company can result in a lack of trust and even let companies collapse. Information security is a strategical resource for companies to protect their assets. The documentary is available on Netflix, including several documentary websites and popular video streaming sites. Better yet, that the punishment will be harsh for everyone involved. Definitely worth watching to get a better understanding on why fraud and unethical behavior do not belong in a healthy company. The documentary “ Enron: The Smartest Guys in the Room” perfectly explains how companies have to cover up a single lie, by applying the next one. That was, when everyone discovered that you simply can’t always win. It took high gambles and made great promises to investors. EnronĮnron was a company investing and trading in the worlds of energy.
#Stream enron the smartest guys in the room full
To get a full history of the company, have a look at the Wikipedia WorldCom page. As they are investments, they can’t be applied to normal expenses. These costs (or investments) normally are used for buying assets, or increasing the value of assets. One of the frauds discovered at WorldCom was the use of capital expenditures (CAPEX) while they were actual normal expenses. To continue showing great figures and pumping up the share prices, companies may fall into less ethical practices, like accounting fraud. Big companies have to take huge risks to be competitive and valuable for their shareholders. Most of us might remember the name WorldCom, which was the second largest telecom provider in the US. The goal of SOx is to reduce fraud and make people responsible if they are guilty of committing to fraud. This includes jail time and high fines, to ensure fraud won’t be unpunished. The Sabanes-Oxley Act, SOx for short, now applies to all companies who like to have their stock exchanged at the New York stock exchange (NYSE).
Still there are some lessons we can learn, followed by a great documentary to watch about Enron. Usually from a sysadmins point of view, work doesn’t get easier due to these compliance requirements. If you are involved with Linux security, you might already have come across SOx compliance.
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