Capitalism: The Enron Case

1766 Words8 Pages
Q 1 . Capitalism is vital to our way of life, and yet the Enron case clearly shows ways in which this economic system may be abused. What kinds of abuses did you witness in the film? What kinds of vices were evident? Solution:- Capitalism being a vital requirement in our life doesn’t let businesses in defrauding its creditors, spewing pollution, selling the products of the consumers or cheating on taxes of the individuals. The Enron case, in consultation with NASA helped in imposing substantial costs and revenues of the business by resenting the rules and regulations made there under. The two executives of the film helped in running market scams and deregulating larger subsidies for Enron, the skimming of cash into the accounts and the investigation…show more content…
There are so many person who profit themselves from wall of fraud. A self-styled financial advisor on the website of investment taken the investment opportunity which was created by fraud and crime.The bank’s internal fraud has generated ten billion during the tenure of CEO Jamie Dimon. There are some greedy CEO have a credibility in media. It is not only Dimon who of course shattered the middle class . He did it by thrashing their accumulation of wealth, the devastation they inflicted on the global economy. They also mistreatment of employee pension funds, Wall Street CEOs apparently still have enough credibility in some quarters to be treated as experts in fiscal responsibility. This writer spent a number of years in the business world during the 1980s and 1990s, as corporate America was transforming itself from a customer-driven set of industries to a greed-driven and conscienceless wealth extraction machine for the investor class. (6 signs our culture is sick with greed,…show more content…
Solution:- Lou Pai is basically a real mystery man in the Enron scandal. He was a former executive of the energy trading firm. He was very money minded and did so many frauds in the company .he cashed in an estimated $270 million in stock and then left the company before it collapsed. The Enron executive who went away from the company with the almost money has hardly been mentioned during the trial. Lou Pai made more money and fraud compared toL ay or Skilling. And Pai has escaped federal prosecution. Many people does not even know about him. He was referred to as the CEO but not visible. According to BRAND , Not only did Lou Pai exist, he was one of the company's top executives and one of the idea-men behind Enron's spectacular rise and collapse. Before he left the company, Pai cashed in about $270 million worth of Enron stock, or it can be $250 million or even $300 million. His intelligence and money minded sharp feature motivated him for this fraud.He took so money from the company and many people does not even know him and during trial he did not appear in court. This proves his intelligence. According to Mr. CRUVER: He's either very lucky or may be genius. Sitting on the biggest pile of money and he's in the least amount of trouble. (Lou Pai, Enron's Elusive Mystery Man,
Open Document