The Forum > Article Comments > Film review: 'Enron: The Smartest Guys in the Room' > Comments
Film review: 'Enron: The Smartest Guys in the Room' : Comments
By Fiona Prior, published 28/10/2005Fiona Prior reviews Enron: The Smartest Guys in the Room
- Pages:
-
- Page 1
-
- All
- Pages:
-
- Page 1
-
- All
Enron probably had the greediest and most unprinicipled guys in the room, but they were not the smartest - after all they got caught while many other criminal enterprises and executives got away with their crimes.
How is it that the world's most famous consultants, McKinsey, didn't even get a mention ? McKinsey has been credited with developing Enron's key commercial strategies and corporate culture, and they also supplied Enron's CEO Skilling, but apparently this minor detail was of no significance.
Harvard university didn't get a mention either, yet much of the principles of US energy deregulation were championed by Harvard academics, and Harvard trained many of Enrons top manager's (including Skilling). At its peak Enron recruited 250 of America's best MBA graduates each year.
In fact many of the really clever brains attributed to Enron probably came from top notch consultants, lawyers, lobbyists, academics and financial gurus, whilst Enron primarily supplied the brawn to make it happen. No doubt these people have continued to enjoy their stellar careers as well as keep all the money they made off Enron's misdeeds.
Focussing on the misdeeds of a few senior managers at Enron misses the real issue, which is how could so many people be so openly involved in something so wrong for so long ? Its exactly the same question as was posed about the Nazis. If you believe that all of their wrongdoings can be attributed to Hilter and his small inner circle, then I have a few Nigerian power barges and an Opera House you might like to buy.