The smartest guys in the room
April 29, 2008 by h3ncy
Enron is the biggest company in the world, which focus on energy field. This company was built on July 1985. Before, this company was from the merger between two big companies, namely Houston Natural Gas and InterNorth of Omaha, Nebraska. As a huge company that produced energy supply and gasoline pipe supply in Europe, Enron gains a lot of profits from its business. Say, in 2000 this company could reach profit as US$ 101 milyar. This is a huge profits for a business running in short time five years periods after the two companies, Houston and Internort, merged each other.
the case happened in Enron is because there was a financial problem in this company. On Desember 2, 2001, all the employees were surprised with the announcement in the news that this company was bankrupt. At the time, all employees should leave the company and took out all their belongings. Everybody was shocked that time because they could not imagine that it could happen suddenly. They lost everything, including their money, jobs, and honors. The bankruptcy happened in the company was caused by the corruption done by the Enron’s CEO. All employees who had a lot of stocks in the company, of course, could not get their money back since it was gone with the bankruptcy.
In this movie, it was showed that the leaders in Enron had no good moral. They liked to have funs and spent their money by doing gambling and woman. This case showed that morality plays important roles in company. Leaders should have good moral and control for themselves, employees, and also the company so that the company can run very well. If the leaders just want to add advantages for themselves, it will cause disadvantages for other things. Reputation and honors will be gone with their bad actions.
