Wednesday, May 30, 2007

Enron - The Smartest Guys in the Room

Enron was an energy trading company that invented confusing ways to get people to invest money in its stock. Higher profits meant more money invested even though the profits were all fabricated. The people that invested their money thought the profits were real.

Eventually, the largest shareholders cashed in their shares of stock when it was most profitable and the rest of the shareholders were left with nothing when the corporation collapsed.

The name Enron has since become synonymous with corporate scandal and greed. This video brilliantly uncovers all the details. If you don't have an hour and forty minutes to watch this award winning video maybe you can just watch the first few minutes to see a nice view of the buildings of downtown Houston.