Question

what was the role of the top-level executive in the Enron collapse? Give me some examples from the documentary of Enron: smartest guys in the room?

Answer 1

The documentary of Enron: smartest guys in the room, is a story about the corporation’s business scandal of Enron. The story displays the greed in corporate America that is always exposed after the fact. At one point, Enron was the seventh largest company in the country Kenneth Lay was the Enron's chairman and Jeffrey Skilling was the chief executive officer, and both of them arrogantly believe they were the smartest guy in the corporate world. Kenneth Lay, former Enron CEO, and Jeffrey Skilling behaved in an unethical way without any form of justification however the whistleblower, former Enron vice president Sherron Watkins, behaved in a manner that upheld moral principles.

The senior executives believed Enron had to be the best at everything it did and thus in order to save their compensation and their reputations as they may follow unethical approach too. When some of their business and trading ventures began to perform poorly, top executives tried to cover up their own failures

Jeff Skilling believed that the only motive for a business is to earn profits. He believed that the sole responsibility of an employee’s was to make money for the corporation. Kenneth Lay, founder of Enron and former CEO, was also focused specifically to earn money. Kenneth Lay’s, achievement oriented behavior, resulted to being involved directly with politicians; and the direct connection with the Bush administration led to him to avail benefits of an unfair advantage over public policy. With the help of accounting firm Arthur Anderson, Enron executives, they reflected fake profits year after year although they were failing in various projects. By concealing the debts and presenting inaccurate financial condition he hides Enron's true financial standing. In the year 2000, Enron financially fell short and resulted to the long awaited demise of bankruptcy