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Movie Review - The Crooked E

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WORLD CITI COLLEGES

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A MOVIE REVIEW
The Crooked E - The Unshredded Truth About Enron

Activity
MBA 202: Advanced Managerial Accounting

Submitted by:
Rey Karl Cezar
The Crooked E - The Unshredded Truth About Enron (2003)

Cast: Christian Kane, Shannon Elizabeth, Cameron Bancroft, Nancy Anne Sakovich,
Jonathan Higgins

Director: Penelope Spheeris

Synopsis: In December of 2001, the largest bankruptcy in United States history was filed.
Ten thousand people lost their jobs, and even more saw their life savings wiped out.
In total, twenty-five billion dollars was lost. This is the eyewitness account of Enron’s
scandalous undoing, and one insider who survived his own personal fall from grace.

Brian Cruver (Christian Kane, Life or Something Like It) is a bright 26-year-old Texas boy.
He has the perfect girl in Courtney (Shannon Elizabeth, American Pie), his fiancée, and
he has the perfect job at Enron, a bankruptcy trading group soaring to number one
in the Fortune 500. Brash, energetic, and trusting, Brian believes everything that Enron
Chairman of the Board Kenneth Lay (Emmy nominee Mike Farrell, M*A*S*H) says about
the company’s dedication to integrity. As Cruver’s salary skyrockets, and as his
position as senior manager for bankruptcy risk management imbues him with more
power, Cruver finds himself seduced into a corporate greed machine with no way
out. But Cruver doesn’t want out—even at the risk of losing Courtney. It’s everything
he’s always wanted—until he stumbles upon Enron’s secret.

Review:

At first the narrator already stated that Enron is the biggest bankruptcy in United States
history was filed. In short, the audience already know what will be happening on the
later part of the movie.

Moving on, early years of the Enron company seems to have great success, in fact,
they managed to get a skyrocket amount of $90 per share but suddenly in the year
of 2001, the stock price fall down to merely just $0.20 per share. There maybe several
reason why the company’s stock abruptly falls just like that. I think the movie should at
least state or show some reasons why the stock tragedy happened so the audience
will have an idea on what’s really happening. What observed based on the movie
was the traits of the employee. They seem like not working at all. They do not act
seriously in their job. That’s maybe one of the reasons why the company’s stock fall.
Another one is that the company should be aware of the economic situation and the
factors of the company’s downfall. They must always monitor and speed constantly,
instead of wasting the struggle to make a loan to support business stocks although it
is now a bad idea.

Everyone should monitor everything that’s happening in the company in the sense
that the higher management will do such thing to abuse their power and made an
unethical act. Every employee should pay attention on how corporation operate
each and every aspect in the company.

What did the company does after the pronouncement of their bankruptcy was very
unethical because they act as if their work is nothing to their employee. Those
employees almost lost everything because they invested so muck for the stocks of
their own company. So, in return no apologize at least was given or whatsoever. Also,
another very unethical doing was the 30 mins preparation to leave the company
premises with their all belongings. They should impose early notice at least 30 days for
the employee to prepare for finding another job. Not like that, they leave their
employee with nothing and what was a very unethical act.

In this case of bankruptcy, I don’t know who should be on top. But one thing should
be done, that is to investigate and file a case against the people who will be proven
guilty.

Overall, the is a great one because it is real life story and may lesson can we get from
this movie like; be careful of starting a new job, never invest all money at a business
and finally, investigate the company before investing money.

We will use it in our life hereafter and also pass it on to your children. These key
takeaways are essential for building a secure and successful career. Around 4,500
employees lost their job because of the Enron scandal; therefore, I will be more
conscious whenever starting a new job and suggest others investigate more about
the company before starting the job.

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