Enron dives from the seventh largest US company to bankruptcy in less than a year in this tale told chronologically. The emphasis is on human drama, from suicide to 20,000 people sacked: the personalities of Ken Lay (with Falwellesque rectitude), Jeff Skilling (he of big ideas), Lou Pai (gone with $250 M), and Andy Fastow (the dark prince) dominate. Along the way, we watch Enron game California’s deregulated electricity market, get a free pass from Arthur Andersen (which okays the dubious mark-to-market accounting), use greed to manipulate banks and brokerages (Merrill Lynch fires the analyst who questions Enron’s rise), and hear from both Presidents Bush what great guys these are.
Tag Archives: Alex Gibney
Casino Jack and the United States of Money (2010) Alex Gibney, Jack Abramoff, Tom DeLay, William Branner, Documentary
Freakonomics (2010) Heidi Ewing, Alex Gibney, James Ransone, Tempestt Bledsoe, Bill Gates, Documentary
The field of economics can study more than the workings of economies or businesses, it can also help explore human behavior in how it reacts to incentives. Economist Steven D. Levitt and journalist Stephen J. Dubner host an anthology of documentaries that examines how people react to opportunities to gain, wittingly or otherwise. The subjects include the possible role a person’s name has for their success in life, why there is so much cheating in an honor bound sport like sumo wrestling, what helped reduce crime in the USA in the 1990s onward and we follow an school experiment to see if cash prizes can encourage struggling students to improve academically.