Begin by watching Enron: The Smartest Guys in the Room and then use your readings to answer the questions below.

1. In what ways were the financial analysts, investment bankers, U.S. financial institutions, the SEC, and Enron's accounting firm Arthur Anderson complicit in helping Enron cover up massive financial and accounting fraud? 

2. In what ways do you think Enron's corporate culture of "survival of the fittest" contribute to the unethical business practices by employees and executives alike? Provide examples. 

3. If you found yourself in a similar position to Sherron Watkins (the whistle-blower), what would you do?

4. What do you believe were the ultimate consequences to stakeholders and employees after bankruptcy?

5. The priest at the end of the film mentions "the pursuit of money can cause one to lose one's soul." How do you interpret this quote in the context of both the Enron scandal and your own personal beliefs around the pursuit of money?

1. Financial analysts were relying on information available and did not care to confirm his information because they were receiving bonuses an deals when they reported what Enron's CEO wanted. They worked together with banking institutions and in exchange the finance institutions also received deals. In one case the investment bank received $50 million job for firing an analyst who was skeptical about Enron's finances. These persons views for fear of being on the outs with the company

The accounting firm was guilty for provide false information and thus failing to uphold the integrity that is entrusted in the certified financial statements. Additionally, they were paid bonuses per week to cover up this transactions that showed the debts of the company.

The accounting firm also knowingly overpriced stock despite being aware how much in debt ENRON was. Consider the the investment in India where the company did not recover the investment.

Step-by-step explanation

2.The term survival for the fittest means that those survive or go on living are the strongest in a pack.

By cultivating this culture, employees and executives were willing to do anything to their employees to sabotage their deals so that they make the deals. For example, during the performance review committee used every yea to make sure that at least 10 percent of the employees score low and are fired from their jobs. This review considering what the employees were fighting for could encourage unethical behaviors such as lying to benefit form the deals .

3.If I was Sherron Watkins I would whistle blow on such a plan to defraud innocent citizens and enrich themselves because it is wrong and unethical. Despite the security consequences the benefit of stopping such exploitation to hundreds of people.

4.The ultimate consequence to stakeholders and employees would be the loss of jobs to employees and hence livelihood to their families and the loss of years of savings to the shareholders for the stocks they had bought as their investment in Enron. People who invested millions of dollars into Enron for the promise of returns they never attained. there is also the loss of

5.The statement "pursuit of money can cause you to lose one's soul' is related to Enron's scandal in the way that the executive and management went to great lengths robbing people millions of dollars just to enrich themselves. They did not care about the shareholders and employees outcomes at the end, they lost all their humanity just to get rich. Think of the human created demand of electricity in California without caring the industries and other sensitive industries like hospitals who depend on such a resource. It lacking humanity.

I belief that sometimes chasing money too much can cause you to forget you are human and do despicable things ruining people's lives just to get this wealth..