Enron: The Smartest Guys in the Room | movie | 2005 | Official Trailer - video Dailymotion

A documentary about the Enron corporation, its faulty and corrupt business practices, and how they led to its fall. | dG1fZE9FTV9ZYTVtSVU

Transcript

00:00It had taken Enron 16 years to go from about $10 billion of assets to $65 billion of assets.

00:11It took them 24 days to go bankrupt.

00:18The fatal flaw at Enron was pride, arrogance, intolerance.

00:22A lot of money you guys stole from those poor grandmothers.

00:25We can add a ha-zillion dollars to the bottom line.

00:28All right, that sounds fantastic.

00:31Did you convert stock worth $66 million?

00:34Uh, I don't know.

00:35I netted approximately $100 million.

00:38Enron is a company that deals with everyone with absolute integrity.

00:43Talking about my compensation, and if I step on somebody's throat on the way, that doubles it.

00:47Well, I'll stomp on the guy's throat.

00:49The other thing about people at Enron is a lot of them were former nerds.

00:53You wanted to be the most popular guy on Wall Street, and you were going to do whatever you had to do.

00:57They sought out every loophole they could in order to profit.

00:59The rules weren't quite clear.

01:03They could bury debt, they could bury losses.

01:05An industry that was very reliable for a hundred years was all of a sudden turned into a casino.

01:11Those guys could just yank the California economy on its leash whenever they wanted to, and they did it, and they did it, and they did it.

01:17He just steals money from California to the tune of a million bucks or two a day.

01:20I agree with that.

01:21Could I predict a phony energy crisis as a result of deregulation?

01:24Yes.

01:25Could I predict that Arnold Schwarzenegger would be a governor as a result of deregulation?

01:28Oh, I didn't expect that.

01:34How exactly does Enron make its money?

01:36Accounting doesn't get that creative.

01:38I would like to know if you are on crack.

01:40This is the shredded evidence that came out of Enron.

01:42Everyone was on the bandwagon, and it can happen again.

01:44We are the good guys.

01:45We are on the side of angels.

01:49It has evolved to the corporate crime of the century.