Word: enronization
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Dates: during 2000-2009
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Viewers of Alex Gibney's film about Enron's collapse will not emerge from it with a comprehensive understanding of all the scams that the company's officers employed to drive the stock so high in the 1990s. Pawing through the paperwork is not what documentaries do best. This one, for instance, achieves its power by showing us the faces of Enron's leadership back when its genius was unquestioned...
...former director of the Congressional Budget Office and president of the Urban Institute, a non-profit think tank in the nation’s capital. Reischauer speaks Summers’ figures-based language, and his appointment in 2002—as a replacement for the short-lived Enron director Herbert S. “Pug” Winokur ’64-’65—made him the third economist to join the board in less than two years...
...Andersen been vindicated? The court decision didn't address whether Andersen obstructed justice when it destroyed documents that could have proved valuable to the federal probe of accounting fraud by its client Enron Corp. The high court simply found fault with the instructions Judge Melinda Harmon gave the jury at the prosecution's request. The jury, it said, should have been clearly told that an intent to conceal wrongdoing was essential to finding Andersen guilty...
Similarly, there is an attack on the Bush administration that seems less organic to the structure of the film than an attempt to associate the narrative to broader anti-Bush anger. The links drawn between the president and Enron are interesting, but the accusation that Bush let Enron plunder California to bring down Gray Davis seems controversial for controversy’s sake, particularly in light of the slim evidence used for proof. Many scenes smack of afterthought, as if the filmmakers realized they needed to liven up some of the more tedious stretches with political controversy, random shots...
...with the controversy already yesterday’s news, the filmmakers need to reach beyond recounting history to give a fresh perspective, which this film never manages. The smartest guys in the room will probably steer clear of this one unless they’re sincerely interested in Enron and want to see about 12 seconds of strobe-lit nipples...