EnronBlack GoldP2P Essay Example | Topics and Well Written Essays - 1500 words

EnronBlack GoldP2P - Essay ExampleThis is a documentary engage that is based on the book The Smartest Guys in the Room. Basically, it dramatizes the rise and fall of Enron. It is quite entertaining due to smart use of storytelling devices, imagery and soundtrack. In fact, it is amazing to look on leading function played by banks, financial media, accounting firms and government. The film Enron is weak on clearing up how the company brought up its image from a simple fumble pipeline business to a post-modern corporate megalith. One of the most important things regarding the films strength is in its representation of the massive group thinking within and bulge out of doors of the corporation that helped enormously to support the rise in Enrons. The film, explains how the earning loads of coin by exploiting commodities trading and accounting methods at the same time how it is losing plenty of money in real world undertakings. In fact the film portraits beautifully and makes it und erstandable even for a lay man how Enron set up its eldest commodities trading desk to take advantage of on inside knowledge of the gas business, and then tried to implement the same model with water, broadband, electricity, etc. In veracity as a trading firm, Enron avoided investment firm policy by portraying itself as an industrial firm. The films dramatization of Enrons role and the political manipulations behind the calcium energy-crisis is well portrayed.In fact through the film on that point is great deal of emphasis given on the fact that this rat happen again. It has happened before for exercise in the cases of leveraged buyouts, the Savings and Loan crisis, the burst Internet IPO bubble, the 1920s Stock Market crash etc and it can happen again in future. It can be said that Enron, the film, is a lesson on how one corporation recently stole from investors, employees and its customers (Independent Lens). Additionally, as an investigation of corruption in corporate sector the film gives a sensible look at the culture and the intrinsic problems within the companies. The movie provides a few mechanisms such as the vitality curve and the Milgram experiment. This is oddly for attractive an immensely immoral and profit-driven corporate culture.In fact the vitality curve represents the idea of invariable contest in the work place. To be more(prenominal) specific the individuals are ambitious to compete with each other because wherever possible the employees who are not performing will be thrown out of the company at any moment. In the film it is clearly shown how Enron constantly hired new staff just because of the reason that even with high gelt it was firing people for production of less than 1000 times what they were being paid. Therefore the environment was such that it caused people to not only ignore the law, just now also to take action competitively in bursting the law.This film clearly shows that how the top officials of the company and the government play a role in bringing in an energy crisis in the state of California. In the film it is shown that the Enron employees makes plan for the transfer of electricity from the state of California into nodes in other states where there was a surplus and was not required at all. California had signed legislation allowing for a free market in energy and as an serve up to this, Enron shaped a demand by causing blackouts across the state. As soon as this happened the price of electricity increased drastically, and Enron made billions and billons of dollars in kale to ship back the energy they took out of California back into California. Breaking laws and doing illegal acts were encouraged in Enron. With a goal derived from the hunt of profit, Enron employees were always asked to break laws or perform acts that could be considered immoral. In fact it was seen that none of the Enron employees ever came precedent to report the corruption. The factor that unavoidably led to people coming forward was a sinking ship feeling, resulting in some of the Enron executives