Writing Assignment/Group Discussion #5: Enron, Corporations and Legal Concepts from Entire Semester

Writing Assignment/Group Discussion #5: Enron, Corporations and Legal Concepts From Entire Semester
Enron: The Smartest Guys in the Room is a corporate crime story that retells Enron's rise and fall. This company was regarded as a Ponzi scheme. From the film, we can see that Enron was an excellent company managed by bad people who introduced illegal practices. Regarded by the executives as the best energy company in the world, the director had manipulated and concealed its losses through bookkeeping that were corrupt. The company had a good record of quarterly returns that kept its stocks growing. 'Mark to market' was a marketing tactic that turned future value into current income. All losses were moved to shell offshore firms....