Free Essay

Corporate

In: Business and Management

Submitted By mloklo1125
Words 385
Pages 2
The Corporation
Directed by: Mark Achbar and Jennifer Abbott
Ken Lay (chairman/CEO Enron) also said that he has down nothing wrong
The largest contributer to the first campaign of president George W. Bush
Enron shreded the evidence
20 thousands employees lost their jobs. 2 billions of pension and retirement funds dissapeared. Ken Lay found Enron in 1985 natural gas pipeline . does not want the gov. to interfere with the prices float with the current of the market. 1987 two company traitors made bets on enron on wheter theprice of oil would rise or fall . its like gambling. Enron seems to always winning. Eventually they found out Louis Borget taken and Mr. M. Yass 3million dollars or more into his personal account. They first showed falsified bank record to enron. They also admit that they used these money and put it in personal account. Destroying daily records and gambling. Ken Lay did not fire these traitors, but he was actaully happy with it because “he could not kill the golden goose”. Instead, Enron sent a letter to Borget “Please keep making us millions” Lay encouraged them to gamble more. Lay only cares about money and disregard the dishonesty of the traitors despite all the warnings that were made to him Borget spent 1 year in jail and convicted of fraud
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The one who made money most is now behind bars, Borget has to find someone else to make new ideas Jeff skilling has the new biggest idea. Start the company new from scratch Skilling before coming into Enron, he had a condition that he has to have authoriy or rights on use a certain accounting and the SCC approved it Lu Pai oncares about money and stripper. Bring stripper to the office. You can never mess with lu pai. The guy who made the joke about f* with gasoline was dispatch to cannada He took the most money out of Enron 250 million. Sold his stock in enron and married a stripper. He is mysterious. No longer EES When he left the division he left behind lost total of 1billion , but Enron was able to hide that fact.
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He became the second largest landowner in Colorado Stock price went up and up. 30% jump. In second quarter. Top executive push the stock price up.…...

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