The Smartest Guys At The Room The Amazing Rise And...

â€Å"The Smartest Guys In the Room† the amazing rise and scandalous fall of Enron goes into great detail of what happens when a company has no ethics. It could be said that ethics was the last thing on the minds of the executives that worked at Enron. People employed at Enron cared about two things the stock price of the company, and the money they could put in their own pockets. This was what caused the fall of one of the biggest energy companies in the U.S†¦ Enron failing did not happen overnight it took years for all the players, and problems to pile up and bring the company to its knees. Some of the main players that are going to be in the spot light are Ken Lay, Jeff Skilling, and Andy Fastow their bad management and unethical behavior was†¦show more content†¦Lay CEO had big dreams of what Enron could be, he wanted to see the company grow to the biggest energy company in the world. More than that he wanted all the prestige that went with running a big and powerful company. Lay loved being in the spot light rubbing shoulders with the elite in Washington D.C†¦ He had dreams of one day taking a job in Washington maybe working for the President cabinet as Energy Secretary. He also loved the finer things in life such as the fleet of plains that Enron owned, and his three houses he owned in Aspen. Ken and his wife loved throwing huge parties for all the people of Houston. To keep this life style going Ken Lay needed a way to help Enron grow, he found it and a man by the name of Jeff Skilling was going to show him how to take Enron to the next level. Jeff Skilling was a numbers man that loved the stock market. He convinced Lay that Enron need to open a trading desk selling oil, and natural gas in an open market. Skilling only request was that he be allowed to use a different type of accounting and that was Market to Market accounting. Skilling told Lay this was the only way that the trading desk would work. Market to market accounting always the company to book the profits from deals now even if they would not see the money until years later in the deal. Enron then became about the deal, and what kind of money they could bring in for the company, and with market to market accounting it was the start of the