WEEK TWO SUNDAY POST $-$ WHY DID ENRON FAIL? A CORP GOVERNANCE MASTERPIECE $-$ OR DISASTER

Class,

One of the learning modules this week is the infamous story of Enron$$portrayed in the documentary, "The Smartest Guys in the Room".$$ Provide a strong paragraph or two addressing the following:

There are several people in the film who had positions of power within Enron and still allowed the deception to continue.$$ Of all the cast of characters, which$$one$$do you think was most at fault for the Enron$$scandal $-$ be specific.$$

Why do you think the scandal was able to grow as large as it did?

In $2001,$ when Enron$$filed for the largest bankruptcy in corporate history at the time, it was the seventh largest business in the country with $$63\mathrm{.}4$ billion in assets.$$ How is it possible that a company this large became such a scandal?$$ Do you think there are still corporations like Enron$$today where financials are overblown?$$ Explain.

Lastly, where are the main characters today: Ken Lay, Jeff Skilling, Sharon$$Watkins$,$Andy Fastow, and Lou Pai?

A little note of Jasso history $-$ I lived and breathed the scandal and the eventual Sarbanes Oxley Act of $2002$ during my dissertation time in PHD school.$$ I also have an original Enron corporate cup on my desk in my office as a little reminder about corporate fraud.$$ Strong and steady.