- #Enron the smartest guys in the room stream movie#
- #Enron the smartest guys in the room stream mods#
Pai are known, the legal fates of Lay and Skilling are still in front of the courts at the time of the production of this film. While the outcomes for such major players within Enron as Cliff Baxter, Andrew Fastow and Lou L. The film also details others who were complicit to the goings-on at Enron, such as the banks and Enron's auditor, Arthur Andersen, for whatever multitude of possible reasons from greed to ignorance to not wanting to cross the all powerful Enron. While many of the top executive were able to liquidate the majority of their shares from the company before the plunge, the general investor and the employees, who sunk much if not all of their 401s into the company, were the ones who ultimately got burned, let alone those, such as California utility users and payers, who were negatively affected along the way.
The film focuses primarily on the two at the top who were responsible for setting the corporate culture for all those under them: Chair and CEO Kenneth Lay and COO Jeff Skilling. The stories generally focus on the people who built what was a house of cards called Enron, knowing what they were doing was mostly smoke and mirrors, often illegal, and often at the expense of the working class, but still proceeded out of pride, arrogance and/or greed. Will also delete on comment score of -1 or less.The fortunes of Houston-based Enron Corporation, which went from having $65 billion in assets to going bankrupt in less than a month, are chronicled. Parent commenter can toggle NSFW or delete. Interesting: Shapley value | Mark-to-market accounting | Fair market value | Fair value accounting and the subprime mortgage crisis The goal of this framework is to eliminate the inconsistencies between balance sheet (historical cost) numbers and income statement (fair value) numbers. Absence of one single consistent framework for applying fair value measurements and developing a reliable estimate of a fair value in the absence of quoted prices has created inconsistencies and incomparability. Using a combination of public hearing footage and new interviews with former Enron employees at various levels of the company, the Smartest Guys in the Room illustrates what happens when the pursuit of profits overpowers the so called intelligence of the smartest guys in the room. However, application to nonfinancial assets and liabilities was deferred until 2009. FAS 157 broadly applies to financial and nonfinancial assets and liabilities measured at fair value under other authoritative accounting pronouncements. 157: Fair Value Measurements ("FAS 157") in September 2006 to provide guidance about how entities should determine fair value estimations for financial reporting purposes. The Financial Accounting Standards Board ( FASB) issued Statement of Financial Accounting Standards No. Fair value measurements (US markets) of article Fair value:
I'd be happy to describe what a proper level three pricing scenario would look like for an instrument of your choice. Also note that part of the reason Arthur Andersen came crashing down alongside its audit client was their failure to deem Enron's "MTM" accounting inappropriate. Note that, though they may have considered what they were doing "MTM," most practitioners would probably disagree with that assessment. I'd consider what we do to be much more consistent and in tune with reality than their "mark to market (MTM)" methods. I work for a big four firm in what amounts to a level three pricing group what Enron did is very dissimilar to our valuation methodologies. much of what Enron was dealing with) are modeled based on a number of things (which may or may not include projected sale prices depending on the availability and basis for potential model inputs). This is why most things that are considered level three pricing (e.g. Within the comment sections, recommendations for non-Netflix content will sometimes be allowed. The primary focus of this sub should be content available on Netflix, and all top level recommendations and questions should be about Netflix. Hover over to read.Īdd regional flair tags to your submissions so we know what Netflix region you're posting from CLICK HERE FOR MORE INFORMATION
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#Enron the smartest guys in the room stream movie#
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#Enron the smartest guys in the room stream mods#
Stop complaining about reposts and stop messaging the mods about it. The mods are leaving it up to the community to utilize downvotes if they feel that reposts are too excessive. The front page of this subreddit is meant to be a living representation of quality content on Netflix and you might see the same submissions multiple times. Reposts are not only allowed, but are encouraged to some extent. The primary purpose of /r/NetflixBestOf is to shitpost about Breaking Bad.