Topic 5 Week 2

Watch: Enron Movie: https://watchdocumentaries.com/enron-the-smartest-guys-in-the-room/

In 200 words respond to the following:

1. Explain the behaviors of Jeff Schillings and Ken Lay that indicate neither could be trusted (hint: these are sociopathic traits: ex. What did they say? How did they speak? What promises did they make? Were they controlling? Charming? Risk Takers? Etc.);
2. Explain what mark-to-market accounting is; and
3. Explain who Andy Fastow is and what he did to assist in Enron’s fraud.

Viewers warning: there is a topless scene at approx. minute 22-25. You are welcome to skip forward from 20-60 in order to keep the viewing time reasonable.