PHIL215 Lecture Notes - Enron Scandal, Bethany Mclean, Jeffrey Skilling
26 Nov 2012
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Document Summary
A movie about how smart and education people can decide to do something ethically questionable and have it blow up in their faces. Cliff baxter: committed suicide for the fall of enron (two gun shots to the head) 7 weeks after enron. 7th largest corporation valued at 7 billion dollars. View of deregulation of taking government out of energy business. Oil trading (like gambling) on whether or not the oil prices will go up or down: enron always won, gamblers gambled all of enron"s money. Transform energy into financial instruments that can be traded as stocks and bonds. Prc: graded from 1-5, everyone had to be a 5 or else they get fired (aggressive culture) Jeff skilling, came across as a smart well put together man, but he was a risk taker. He gambled away his money before the age of twenty in the market. Fixated on the stock price to inform the public that enron was powerful and profitable.
