Foxies In The Room

After I watched this movie, I was really shocked by the facts. I have heard lots of companies collapse, and people can not get their money back. But, I did not know that there are these kinds of things happened behind each financial collapsed company. Enron- The smartest Guys in the Room, This movie really shows the greed and hubris of people. One same moral between Enron’s movie and Ishmael is that people eventually hurt themselves by getting more and more power. Peter Parker’s uncle, the main character from Spider-man, Ben once told him: "With great power, comes great responsibility." As Enron got more and more power, they did not handle well with responsibility and ethics. Those managers and CEOs do not care the others at all. This ties back to the book Ishmael, the competition and survival fits ideas by human. People want to be at the top to take control of everything. I think once people got on the top, they would do whatever they can keep themselves away from falling. One of the parts from the movie that really shocks me was the psychological test where one person is acting to be electrified and another person is adding up the voltage without knowing it is fake. This just shows that Enron’s Company already lost their ethics when they were lying to people. The founder of Enron, Jeffrey Skilling is serving a 24-year, 4-month prison with the conviction in 2006 of many crimes as the financial collapse of Enron. Kenneth Lay is dead by the heart attack in July 5, 2006, just about three and a half months before sentence. I think one of the misinterpretations they had which let to their financial collapse is- “Market will correct itself.” They are too arrogant and over confident with curability they might have. They did not want ask people for, because they feel it might look bad. Enron cares too much about the look. They did not want to be frank, because they think it might damage their reputation, even though it is just temporally. One thing I really think all the company should follow is King Car Company. It is a Taiwanese drink company. When the contaminate milk powder events exposed in China, King Car Company was the first one who acclaim that they imported milk powder from China, so they took back every milk powder products they sold, and apologize to the people. Now, the consumers would more likely to buy their products, because they are really honest and sincere, and they stopped using the contaminated milk powder. They might loose some money and reputation, but these are just temporally; they will be really successful in the future. Honesty is the most important thing in corporation!