Monday, October 16, 2006
Enron -- the smartest guys in the room
I just watched a great documentary about the collapse of Enron. The film was called "Enron: the smartest guys in the room". This was a huge oil and gas company that collapsed very quickly when it was found that the senior execs were cooking the books. Anyway it was fun to watch the suits in action. Needless to say many of them were good friends with the Bush father and son. I was particularly impressed to watch the enron people screw California out of electricity. California had twice as much capacity as demand, but the Enron people made money by creating an energy crisis. When the CEO was a student at Harvard he was asked "are you smart?". He replied "No I am fucking smart". There was one really smart senior executive who liked going to strip clubs. He left way before the company collapsed with 250 million dollars. Smart, but evil.. A proper review.