Smartest Guys in the Room
I went to see Enron: The Smartest Guys in the Room
at the Alamo South tonight. It is a well-made and very disturbing documentary. It succinctly describes how key Enron executives and employees began with an aggressive business plan and an absolut pursuit of higher stock prices and then expanded it an every widening circle of questionable business practices. By the end, they are using markets as a weapon as a cover for fraud, extortion, and other crimes and acting in complete disregard of any semblance of honesty, ethics, and fair-dealing. It made me embarassed to be a Texan. It also made me wonder once again, as these executives were bringing home tens of millions of dollars while pension funds cratered, why Texas does not have an income tax.