dir: Alex Gibney
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Based on the book The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron by Bethany McLean and Peter Elkind, this documentary tracks the rise and fall of one of the most fraudulent and corrupt companies in corporate history. That we know of.
Enron’s existence and eventual demise is an incredibly powerful modern tale about the poisonous organisational culture that can exist under the gleaming PR-heavy corporate exterior, the laxity of corporate governance in contemporary business, the ‘embedded’ and tame nature of business journalism, shameless dishonesty and personal hubris.
But it’s also an ode to human stupidity. That so many could be sucked in by such an obvious, nonsensical scam is an indictment of contemporary society. And it makes modern civilisation look dumber as a consequence.
How did it happen? Perhaps people were so completely blinded by greed that they were happy to believe anything as long as the company’s share price kept going up.
The business reporters who would have ordinarily sniffed out and exposed such a fiasco were captive, collaborators in the system, which only seems to keep chugging along if journalists keep quiet about all the glaring illegalities they must surely know about or suspect.