Enron review questions for Enron documentary PDF

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Enron documentary questions and answers! You won't even have to do this yourself, you can just copy off of this....

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Enron: the smartest guys in the room How many days did it take for Enron to go bankrupt? Enron was the nation’s 3rd largest corporation valued at $63.4 billion dollars. Who were the guys known as the “smartest guys in the room”? Jeffery Skilling and Kenneth Lay Kenny Boy Enron was founded in what year? 1985

What was an early Enron scandal? Vahalla The man with the BIG IDEA? Jeff Skillings What was the beginning of the fall of Enron? Mark to marketing Approval Explain: What was the PRC process? When marketing drafts the promotional material and then submits it to the PRC for review and approval. The PRC returns the material to marketing either as approved or with comments and questions. After marketing satisfactorily addresses the PRC’s comments, the PRC signs-off and marketing is free to use the material in the company’s promotional campaigns. Why did no one at Enron wear glasses? When one nerdy looking guy came at Enron, skilling completely changed his appearance. He made him work out and get Lasik to get rid of glasses. And after that everyone at Enron got Lasik and no one was wearing glasses. Guys with Spikes Fast Forward Lou Pie leaves Enron with 250 million dollars, but the companies he ran lost 1 billion dollars! He becomes the 2nd largest land owner in Colorado! LOVE ME LOVE ME Describe: What is Pump and Dump? Enron artificially inflated the prices of their owned stocks by providing misleading information and committing fraud to better their books.

The Enron stock was actually doing what? Enron made fake companies and put all their losses in the books of those companies and this resulted in Enron books to look good. What company did Enron buy out putting them in the electricity business? Portland General Elective What does Enron want to start selling? Natural gas What was the “next” thing Enron was going to trade on? Bandwidth The Emperor has No Clothes Bethany McLean writes for Vanity Fair magazine. What was her BIG question? Is Enron Overpriced?

The Scorers Apprentice Andy Fastow was Enron’s Chief Financial officer Describe: How was he hiding losses? He made multiple fake companies and hi $30 billion in debt in small amounts. LJM was only doing business with whom? Enron Useful Idiots How much was Arthur Anderson getting paid by Enron per week? $1 million

What did Merrill Lynch but from Enron? 3 power charges from Enron in Nigeria Kal-ee-‘for-nyah What energy issue was California facing? Cut down on electricity What was done to the energy market in California that created a problem? Blackout What would traders do to create artificial markets? They exploit California's emergency price caps, buying power at the capped price and then selling it at huge profit out of state, where there were no price caps. They were manipulating California’s energy markets, raising prices and even triggering blackouts. By shutting down powerplants they could create artificial shortages. Describe: What was Stanley Milgrim’s experiment?

In the 1960s, psychologist Stanley Milgram conducted a series of studies on the concepts of obedience and authority. His experiments involved instructing study participants to deliver increasingly high-voltage shocks to an actor in another room, who would scream and eventually go silent as the shocks became stronger. Milgrim found that what 65% of people would shock to the death because a “scientist” told them to. How much did the energy crisis cost California? Between $40 and $45 billion. Jeff Skilling had what thrown in his face? Blueberry Pie Ken Lay kept pushing for what in California? Stay with deregulation, against imposition of federal price caps in California. FERC regulates what in America? Energy Who replaces Gray Davis as Governor of California? Arnold Schwarzenegger

The Ship is Sinking Who resigned from Enron, shocking everyone? Jeffrey Skilling The Rat is exiting the sinking Ship. Who will take over as CEO? Ken Lay Arthur Anderson shredded more than 1 ton of Enron papers! How much did Andy Fastow make before being fired? $45 million 7 weeks after the scandal hits, what does Cliff Baxter do? He committed suicide Bankruptcy Facts: 20 000 employees lost their jobs and medical insurance. Average severance pay 4500 Top executives were paid bonuses totaling $55 million. In 2001: Employees lost $1.2 Billion in retirement funds! Retirees lost $2 Billion in pension funds. Enron executives cashed in $116 million in stock.

Criminal Charges: Guilty Pleas 15 , Convictions 6, Acquittals 1 , Pending Charges 11. Three California traders pled guilty to wire fraud. 4 Merril Lynch executives convicted of fraud in Nigerian Barge Case. What happened to Ken Lay? Lay died in July 2006 while on vacation in his house near Aspan Colorado. Three months before his sentence an autopsy reported lay died of heart attack caused by his coronary artery disease. His death resulted in vacated judgment.

What happen to Jeff Skilling? Skilling was sentenced to jail for 24 years and fined $45 million....