Enron Movie Review

In: Computers and Technology

Submitted By nitishkumarjsr
Words 805
Pages 4
The movie centers on the Company Enron Corporation, which went Bankrupt in the year 2001 leaving hundreds of its staffs unemployed and thousands of its investors bereft. Enron Corporation was an American energy company based in Houston Texas. It was one of the leading energy companies in United States and was repeatedly named as “America’s most innovative company”. Enron was found to have used various accounting methods to misrepresent its financials. The company’s fraudulent activities brought a number of changes in the business of United States.
The movie begins with a lady describing the company as one filled with arrogance, intolerance and greed which led to a gigantic fraud. Within no matter of time, the company was bankrupt. The top executives made millions by cooking the books and hiding all the materialistic information from the customers. The key players in the scandal were Chairman Kenneth Lay, CEO Jeff Skilling and CFO Andrew Fastow. Enron being the major corporate contributor for the George W. Bush election campaign stressed on deregulating the energy market. Ken Lay along with few Texas based oil companies shared a common view that deregulation is the key for success. In the early stage, traders of Enron were involved in speculating the prices of oil. While such speculations were risky, Enron seemed to own a winning streak during the initial stage. Top Executives had offshore personal accounts and transferred millions of dollars in profits. Few employees tried to warn Ken Lay about the illicit trading his traders were involved in but ken Lay discouraged them by informing that speculation was the only part of business making money. Instead of warning the traders, Ken Lay asked the traders to keep making millions for the company which simultaneously increased the risk.
In few days the luck turned down for Enron. One of the two traders was arrested on…...

Similar Documents

Movie Review

...Movie Review for The Social Network (Project in CS Fundamentals) Movie Review for The Social Network * Name of the film The Social Network * Prominent Actors Jesse Eisenberg as Mark Zuckerberg Andrew Garfield as Eduardo Saverin Justin Timberlake as Sean Parker Armie Hammer as Cameron Winklevoss and Tyler Winklevoss * Plot Summary In October 2003, Harvard University student Mark Zuckerberg has the idea to create a website to rate the attractiveness of female Harvard undergraduates after his girlfriend Erica Albright breaks up with him. Over the course of a single night, Mark hacks into the databases of various residence halls, downloads pictures and names of female students and, using an algorithm for ranking chess players supplied by his best friend Eduardo Saverin, he creates in a few hours a website called "FaceMash.com", where male students can interactively choose which of two girls presented at a time is more attractive. Mark is punished with six months of academic probation after the traffic to the site brings down parts of Harvard's computer network, and he becomes vilified among most of Harvard's female community. However, the popularity of "FaceMash" and the fact that he created it in one night, while drunk, brings him to the attention of Cameron Winklevoss and Tyler Winklevoss, identical twins and members of Harvard's rowing team, and their business partner Divya Narendra. As a result, he gains a job working for the Winklevoss twins as......

Words: 1655 - Pages: 7

Movie Review

...A well-known filmmaker Robert Zemeckis got a reputation as a state of the art filmmaker in 1985 when he directed the comedic time travel “Back to The Future” film series. He went on to make Academy Award movies such as ‘Who Framed Roger Rabbit” and “Forest Gump” (June 3, 2011). “Flight” stars a well-rounded acting veteran Denzel Washington. Washington plays a flight captain, Whip Whittaker, who is at the difficult time in his life battling drug and alcohol addiction as a flight captain. He becomes a hero and has to make a decision that can change his life. After reviewing the movie we can determine the reason for him becoming a hero, the "real" Whip, and my final review of the film. In the movie “Flight”, the major character Denzel Washington presents a bad portrait of professionalism. He plays an airline flight captain addicted to money, sex, and alcohol. Whip decides to use cocaine to wake up after a night with little sleep to fly the next morning. That morning during the flight Whip meets intense turbulence. In fact, while at cruising altitude, Whip falls asleep leading the copilot to take over. Finally, a mechanical noise wakes him abruptly. Here is when we see the characteristic that appears to make Whip a hero. His confidence to land the plane during mechanical malfunction is very symbolic in terms of being seen as a hero. The standout heroic moment in the film is when the plane travels at high speeds straight for the ground and Whip purposely turns’ the plane......

Words: 926 - Pages: 4

Movie Review

...My favourite movie is “The Dictator”. It was produced in year 2012 and starring one of the most renowned actor, Sasha Baron Cohen. It is a comedy film and it features a little mockumentary. As a form of parody to current world issues revolving around the topic of democracy and dictatorship, it tells the story of how a ruler risked his life for the sake of oppressing democracy. The movie takes a straight pinch at the world politics by making jokes of those we called our leaders. The brave act from the actor cum script-writer to film such a mockumentary is indeed worth the praises. The reason why I chose this as my favourite movie is because of the following reasons: Firstly, the movie is indeed a great joy to watch. I am very sure that it captured my attention from the start of the movie, where it paid tribute to the late dictator of North Korea - Kim Jong-Il, till when it ends with the ruler finally giving in to democracy. The plot of the movie is entertaining throughout. Secondly, I could not remember laughing as much from other comedies I have watched in my entire life. It is really a humorous movie throughout and the contexts of its parodies are indeed easy to grasp. Lastly, I have always been a fan of Sasha Baron Cohen. He is an intelligent and genius, I would call it in script writing for such films. One other notable film produced by him is, Borat. This movie is definitely suitable for people who are stressed up and in need of some laughter to brighten up......

Words: 326 - Pages: 2

Enron Movie Review

...University of Technology, Jamaica School of Business Administration Internal Auditing Article Review The Smartest Guys in the Room Tutor: Ms S. Bewry Student: Rajik Brown ID#: 0904827 1. To identify least five (5) control issues in the movie using the C.R.I.M.E. abbreviation from the Committee of Sponsoring Organisation of the Treadway Commission (COSO) framework was used. C- Control Activities are procedures and policies that aid management and employees in carrying directives and provide the presence of strong internal controls. ENRON possessed poor controls. * All transactions of a firm must be properly authorised meaning they must exist or occur e.g. * There must be accurate and complete accounting records. ERON’s CFO, Mr. Fastow was involved in tangling the accounting records and creative accounting to make the company look profitable. * Segregation of Duties must exist e.g. Andrew Fastow was CFO for ENRON but also the managing director for LJM and other offshore entities. R- Risk Assessment is a prerequisite for determining how the internal and external source of risks should be managed. ERON possessed no criteria on how to measure risks in the various projects they took. Management (Mr Skilling) simply jumped at any opportunity he had to make money. Mr Skilling quoted “..we like risks, because you make money from risks”. They invested in multi-million natural gas plants that failed. I-Information are simply reports and other......

Words: 1226 - Pages: 5

Enron Movie

...The Smartest Guys in the Room: The Enron Movie Magnolia Home Entertainment Reflection Questions Choose one or more of the following questions to discuss. There are no right or wrong answers. I am asking for your impression, thoughts, and critical reflections on these questions, not a yes or no. Support your answers with examples from the movie and from your own experiences or other sources. 1. Is this a story about financial numbers or is it about people and Enron’s culture? Explain. 2. We generally would think that “free” markets are preferable to regulated markets. Is Enron an exception? Why or why not? 3. To get a high return, you generally take high risks with people’s money. At what point do you say it has gone too far. 4. We are taught that “markets” are generally current in valuing things. Yet, Enron’s “mark to market” accounting is thought to be one of the problems. Why? 5. Darwin’s survival of the fittest is generally held in high regard. Yet, Enron’s use of the concept seems to have been a problem. Why? 6. How does the “tone at the top” affect the attitudes and actions of those below them? 7. Should Arthur Anderson be held partly responsible for the collapse of Enron? If so, how? 8. White-collar criminals often rationalize their fraudulent activity as “doing nothing wrong.” Are these qualities present in the Enron case? Explain. 9. Analyst opinions were based on information from the company. The validity of this......

Words: 278 - Pages: 2

Movie Review

...Movie review The action of the clones The Island is a remarkable and must-see action and science fiction. The film features the life of the clones and the sponsors which is directed by Michael Bay, the director of Transformers, Pearl Harbor and I Am Number Four. A young man Lincoln Six Echo (Ewan McGregor) and a young woman Jordan Two Delta (Scarlett Johansson) live in an underground organization which is full of strict regulations and created by a selfish scientist Dr. Merrick (Sean Bean). They think that one day they will go to the paradise by being the winner of the lottery, which called ‘The Island’. However, Lincoln starts having different dreams which look like his past memories. Dr. Merrick discover the situation of Lincoln and tries to remove his memories in order to keep the huge secret. On the other hands, Dr. Merrick uses a special tunnel to another station secretly. Because of a moth, Lincoln finds that secret tunnel. In this station, Lincoln find that the so call 'winner' of the 'lottery' is only an excuse for the company. In the reality, the 'winner' is used for providing organ and giving birth to their sponsor. Lincoln’s world turns topsy-turvy when he discovers the truth that all of them are just a product of an insurance plan. Afterwards, the screenplay talks about the escape of Lincoln and Jordan. Lincoln and Jordan seek help from James McCord (Steve Buscemi). While they are find their sponsor in Los Angeles, Dr. Merrick hires mercenary, Albert......

Words: 706 - Pages: 3

Movie Review

...How to Write a Movie Review Writing a movie review is a great way of expressing your opinion of a movie.  The purpose of most movie reviews is to help the reader in determining whether they want to watch, rent or buy the movie.  The review should give enough details about the movie that the reader can make an informed decision, without giving anyway any essentials such as the plot or any surprises.  Below are our guidelines and tips for writing a good movie review. HYPERLINK "http://www.yourmoviereviews.com/" \t "_blank" Submit your movie review 1. Watch the movie The first step in writing the review is to watch the movie.  Watch the movie in a relaxed environment you are familiar with.  You do not want to be distracted by an unfamiliar room.  Watching the movie a second time will help you absorb a lot more detail about the movie.  Most movie reviewers take notes as they watch the movie review.  2. Give your opinion Most movie reviewers will give their opinion of the movie.  This is important as the reviewer can express the elements of the movie they enjoyed or disliked.  However, as in all good journalism, the reviewer should also give impartial details, and allow the reader to make their own mind over an issue the reader liked or disliked.  Opinions should be explained to allow the reader to determine whether they would agree with your opinion. Many regular movie reviewers will develop a following.  If one can find a reviewer who......

Words: 625 - Pages: 3

Enron Movie Review

...INTERNAL AUDITING MOVIE REVIEW: Enron Movie: The Smartest Guy in the Room Tutor: Ms. Bewry March 29, 2014 Ashley Johnson-Blake ID #100426 Review Questions 1. Identify at least five (5) control issues in the movie using the Committee of Sponsoring Organization of the Treadway Commission (COSO) framework as a guide. According to COSO, the five control issues are concerned with the control environment, risk assessment, control activities, information and communication and monitoring. Based on the documentary several control issues were observed. They were: * During the Enron oil scandal aka the Valhalla scandal there was significant misappropriation of monies. In this particular situation instead of reducing risk lay encouraged traders to keep gambling more. Traders gambled away all of Enron’s reserves and this was covered up by Muckleroy who was able to bluff the market by acting quickly. * Ken Lay didn’t listen to auditors’ reports that the two rogue traders should be fired, this demonstrated one angle of lack of a good management style and monitoring. Instead lay read the report and read his budget and estimated how much the rogue executives made and if they were fired what he could lose. With all of this in mind lay did not fire the executives and had been described as a guy that puts earnings before scruples rather than reacting to the dishonesty in front of him. * Ken Lay as CEO of Enron made the statement that he is not responsible for things he......

Words: 1243 - Pages: 5

Enron Question About the Movie

...significance to Enron. When the President of Enron, Kenneth Lay, hires new CEO Jeffrey Skilling, a very energetic and a “dreamer” who joins Enron on the condition that they utilize mark-to-market accounting, allowing the company to book potential profits on certain projects immediately after the deals are signed. To keep its stock price going up par example Enron began a venture that might make $50 million 10 years from now, it could claim the $50 million as current income. However, this projects turn out to be successful. This gives Enron the ability to subjectively give the appearance of being a profitable company even if it isn't. 2. Describe the Enron culture. The culture of Enron was very competitive and all the employees had the same attitude of their bosses. Par example Jeffrey Skilling imposes his idea on Enron by establishing a review committee that grades employees and annually fires the bottom fifteen percent. This creates a highly competitive and brutal working environment. 3. What is Andy Fastow's significance to Enron? Andy Fastow’s was the Enron’s CFO. He helped the company, hiding the losses with a “Tom Ponzi’s scheme”. One of Enron tactic was to create phony offshore corporate shells and move their losses to those companies, which were off the books. The film shows a schematic diagram tracing the movement of debt to such Enron entities. Two of the companies are named "M. Smart" and "M. Yass." 4. What is Sherron Watkins significance to Enron?......

Words: 643 - Pages: 3

Movie Review

...2 fast 2 furious Review 2 fast 2 furious is one of the best car street racing movies to watch. The Miami police department has been tracking down a drug lord, Carter Verone, but cannot find any evidence to arrest him. The department has Monica Fuentes, an undercover agent, as Verone’s girlfriend. They need street racers in order to capture Verone, so they arrest the main actor Brian O’ Connell at the end of a street race and take him to the department. At the department, they give him the breakdown about Verone and try to assign him a partner. He does not like the partner they try to give him, so he decides to pick his own, Roman Pearce. Their main job is to work undercover and arrest Verone so that their records will get cleared and they can walk away as free men. I like this movie because of the great acting performed by the main actors and the cars. 2 fast 2 furious has great acting. Paul Walker and Tyree Gibson do an excellent job playing the parts of Brian O’ Connell and Roman Pearce. Brian, a former cop, plays a good role as an undercover cop. Roman on the other hand, plays the role of a thug. He is tattooed and dresses with baggy clothes. He uses a lot of slang and likes to use the word “bruh” a lot, which is a slang term for brother. He is a thug because he had to spend three years in jail. He blaims Brian for that and when he first sees him in the movie he punches him in the face out of anger and they begin to fight. As the movie goes on, the hate that he has for...

Words: 863 - Pages: 4

Movie Review

...Movie Review Fireproof Zelder Dickerson April 14, 2013 The movie, Fireproof, is a Christian based movie drama which was released in 2008. It is based on a married couple who is experiencing issues which could lead to divorce. Caleb was a heroic fireman who saved lives every day but was allowing his marriage to go up in smoke. He desperately needed to change in order to save it. As a result, he decides to shares his dilemma with his father. In turn, his dad suggests that he postpone the decision for forty day and complete an exercise called “The Love Dare” which helps him to realize that divorce is not the answer but change is. The Review This movie has a Christian marriage coaching theme incorporated in it because the husband shares his problems with two people he trusts. As a result, they provided him with support encouragement, accountability, honesty, biblical truth, and guidance. In essence, they became his coaches, “Christian marriage coaching is the application of Christian coaching concepts and skills to facilitate growth, healing, and change for couples” (Collins, 2009, p. 253). There is a scene where Caleb is confiding in his friend at work about his wife desiring to get a divorce. William listens carefully and then imparts insight regarding the situation. He begins by reminding Caleb about the vows of marriage, placing a major emphasis on for better or worse. William continues to add that most people do not take their vows seriously enough. In addition,......

Words: 1082 - Pages: 5

Movie Review

...Review of “Dragon: The Bruce Lee Story” The movie “Dragon: The Bruce Lee Story” is a biographical drama recounting of the colorful life of legendary martial arts star Bruce Lee. The film is written based on the Bruce’s window Linda’ book "Bruce Lee: the man only I knew", and directed by Rob Cohen and starred Jason Scott Lee. This biographical drama released in the United States in year 1993, and inspired a Kong Fu hit in Hollywood. The film gives audiences the closest account of inner Bruce Lee and represents his childhood in Hong Kong, to his days as a dishwasher, a teacher of martial arts and eventual martial art super star in Hollywood. Bruce Lee is an absolute legend of martial art, and he was prominent figure that represented strength and mastery. This film is a retelling of Bruce’ life, but also shows how Bruce went up to the top and fought against obstacles along the way to his success. I was deeply impressed by Bruce’s talents and efforts, and fascinated by his mental capacity. In the film, Bruce was plotted against by another martial art master Chinatown and nearly died from injury. However, with his wife’s encouragements, he changed his fight methods and created his own concept of Kong Fu called Jeet Kune Do. This film also shows discrimination towards Chinese, which made me so sad. Racial discrimination presented in this film was great and targeted not only towards Bruce but also other Chinese in the United States. I still remember there is a scene that when......

Words: 488 - Pages: 2

Movie Review

...REVIEW ON THE DARK KNIGHT RISES The Dark Knight Rises(New York , July 16, 2012) is a superhero film directed by Christopher Nolan. It is the sequel to The Dark Knight (2008).The film introduces two main characters to Nolan's series: Selina Kyle (Anne Hathaway) and Bane (Tom Hardy). It has been eight years since Batman vanished into the night, turning, in that instant, from hero to fugitive. Assuming the blame for the death of D.A. Harvey Dent, the Dark Knight sacrificed everything for what he and Commissioner Gordon both hoped was the greater good. For a time the lie worked, as criminal activity in Gotham City was crushed under the weight of the anti-crime Dent Act. But everything will change with the arrival of a cunning cat burglar with a mysterious agenda. Far more dangerous, however, is the emergence of Bane, a masked terrorist whose ruthless plans for Gotham drive Bruce out of his self-imposed exile. But even if he dons the cape and cowl again, Batman may be no match for Bane. Making of The Dark Night Rises seems very excellent, because it is focused on nice editing style, camera focusing, attractive environment & technology. I enjoy every scene and it attracts me a lot. In this movie director hasn’t give any extra power to the hero. He uses his technological power to attain his mission. Christian Bale can perform his shooting excellently. He played the role of Batman perfectly. It mainly entertains me by its main theme & script writing. I find......

Words: 429 - Pages: 2

Movie Review

...lifestyle, ethics, business culture, addictions and many more. Being an R Rated film due to many sequels presented in the movie, (The Motion Pictures Association of America. (n.d.). Retrieved March 29, 2016, from http://www.imdb.com/partners/mpaa?ref_=tt_stry_pg); therefore, his lifestyle was seen. A propaganda of change, a growth of a normal individual who aimed to be a millionaire and rule the streets. Mark Hanna thought him a game “The name of the game, moving the money from the client’s pocket to your pocket” (Scorsese, M. (Director). (12/25/2013). The Wolf of Wall Street [Motion picture on DVD]. United States of America: Paramount Pictures). Further the misuse of client faiths and misleading the clients happens and Jordon Belfort makes his earning through the games he plays with his clients and also about how he brings the original first twenty of the company and what qualifications they have. The company culture is brought into picture as to how Stratton Oakmont Inc., used to enjoy their every single earning and what was motivating such young talents in the society to do such a job. Lastly, how Jordan was trapped in between laws and how he realized his sins and committed his crime is shown (Scorsese, M. (Director). (12/25/2013). The Wolf of Wall Street [Motion picture on DVD]. United States of America: Paramount Pictures). Keywords: R – Rated movie, Change, Lifestyle, Mark Hanna, Stratton Oakmont Inc. & young talents. WORD COUNT – 275 The Wolf of Wall......

Words: 1746 - Pages: 7

Movie Review

...1. Movie Review The movie Mandela: Long Walk to Freedom, taught me more about South Africa. It made me think that the world is so big and I just know a tiny dot of it. The movie consists of situations wherein they experience social problem, social movement and social change. They overcome these situations after a long period of time through tough situations and countless meetings of the British Government and Nelson Mandela. 2. What social problems have you observe in the movie? Explain why it exists. The social problem that existed in the movie was the discrimination being received by the South African citizens in their own country. They were treated as slaves. This is what triggered them to revolt and fight for their rights. This social problem started small from opinions in neighborhood to group organizations. They wanted to overthrow the government and fight for their rights. 3. Define the meaning of social movement and social change by citing scenes in the movie. Social movement is a collectivity acting with some continuity to promote ore resist a change in society or group of which it is part. (Turner and Killian) It may also refer to those activities in which people unite in an organized, long-term effort to change their society or in which they resist and express dissatisfaction with the existing order through outright and prolonged actions. (Hollnsteiner) 4. Define the stages of a social movement by citing scenes in the movie. The stages......

Words: 1716 - Pages: 7