Everyone knows the story of Enron and what it did to the business world when it occurred, and what it is still doing to the business world today. It brought corporate fraud and illegal activities at work to the forefront of the business world and made everyone on edge regarding audits and corporate compliance. Because of Enron, we are now seeing such acts as the Sarbanes-Oxley Act go into effect and there are more and more internal compliance systems going into effect every single day.
Enron was so influential in the American culture that a movie was made detailing the incident. The movie was Enron - The Smartest Guys in the Boardroom, which was made in 2005. It detailed the steps of the Enron incident and showed footage from very important figures in our nation including President George W. Bush, former President Bill Clinton, and Vice President Dick Cheney among others.
English: Official photograph portrait of former U....
Michael Oxley , U.S. Senator from Maryland.
Before the signing ceremony of the Sarbanes-Oxley ...What was even more interesting, however, is that the movie not only showed the steps and details of the Enron incident, but it showed many critical thinking traits that have been taught in this class. From decision making to forces of influence, critical thinking is extremely noticeable in this film.
As displayed by the movie, is easily obtained when the influences of greed, power, and pride are involved. These tools of self deception enabled Enron's top executives to fool all of the players into not only assisting them in their personal goals but also allowed them to become victims of it. "Once you got everybody agreeing with what they know in their hearts are not true, you have got them by the balls", a quote from Sin City which best describes the rise and collapse of Enron, displays how everyone played their part of being...