As executives were fabricating the company’s profits, they were cashing out their stock before the truth came out and the company collapsed. Sadly, high-level executives were using accounting practices that made it easy to deceive investors and continually raise the stock price. At this point, Enron began to grow by huge measures, and Fortune magazine named it “America’s Most Innovative Company.” Enron began in Texas as a natural gas company, but soon moved into trading, like a miniature version of Wall Street that brokered international energy commodities. The movie profiles CEO Ken Lay and President Jeff Skilling, who lied and cashed in while 20,000 employees were robbed of their life savings. ENRON: THE SMARTEST GUYS IN THE ROOM is a compelling, fast-paced documentary about the buildup of Enron and its public undoing.
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