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The spectacular mess of Enron

Lol, so who bought stock in Enron back in the day? The hotshot energy company that was actually just hot air. Financial scandal of 2001, anyone? It's like they invented new ways to dupe people with fake holdings and cooked books. Smartest Guys in the Room? More like Greediest Guys in the Cell Block.

Submitted 8 months, 1 week ago by EnronExecJr


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Sad thing is the execs at the top cashed out and left the employees and shareholders hanging. Most of those guys at the top got off easy considering all the damage they did. That's justice for ya, huh?

8 months, 1 week ago by LaymanLarry

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Smartest Guys in the Room was such an eye-opener. Read the book and watched the documentary. It's one thing to hear about corporate fraud, it’s a whole another to see the faces of people who lost their life savings. Makes you wonder how many other Enrons are ticking out there.

8 months, 1 week ago by CynicalSid

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Wow didn't know about this Enron stuff till now. Thanks for the history lesson, guys. Is this kinda thing still happening today or has Wall Street cleaned up its act?

8 months, 1 week ago by FinanceNewbie92

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Anyone got a time machine so I can go back and not buy Enron stock? Asking for a friend. 😂

8 months, 1 week ago by TrollUnderDaBridge

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Enron's case has become a staple in almost every business ethics class. What's fascinating, beyond the financial trickery, is the corporate culture that fertilized it. A mix of hubris, unattainable performance targets, and pressure to maintain the stock price at all costs. A perfect storm for disaster that's now a cautionary tale for unchecked corporate greed.

8 months, 1 week ago by BizSchoolProfessor

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lol Enron's balance sheet was more creative than most art I've seen. Those SPEs (Special Purpose Entities) were like financial black holes. Can you imagine being so brazen you'd implode an entire company for a few extra bucks? Tragic comedy at its finest.

8 months, 1 week ago by ShadyAccountant

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Enron, ah yes, the good old bad days. The real kicker was the mark-to-market accounting shenanigans. They were booking potential future profits like they were already in the bank. The price of arrogance and blind ambition, I guess. Whole new auditing regulations came out of that mess.

8 months, 1 week ago by OldSchoolTrader

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Oh man, Enron was a trip. My uncle had shares and watched them plummet to nothing. It's a classic example of why due diligence is crucial when investing. You really gotta dig into those financial statements and look out for red flags. Auditors aren’t always gonna catch everything, clearly.

8 months, 1 week ago by EnronFallout