The Saddest of All Films
Last night I watched the most tragic, horrifying and upsetting film I've ever seen-- and I've seen a few. The difference is, this one was based on reality. The story is Enron, the Smartest Guys in the Room, based on the book by Bethany McLean (yes, the same woman that was the namesake for the failed 'hot stays hot, cold stays cold' McDonald's burger).
The story describes the complicated and systematic ripoff of the shareholders and employees by the leaders of a multi-billion dollar house of cards. Based on bogus books, a handful of corporate heads stole billions. They faked the growth of a company, pumped up the stock price, bought other companies with the bogus stock value, and then they all cashed in their shares as the price crashed. Of course, the guy working for 20 years on power lines lost everything. One man saw his 401K go from $350,000 to $4500. Meanwhile, the people in charge made hundreds of millions.
The movie is great because it is a documentary where brazen corporate heads brag of their fortunes and how great the company is. George Bush and George W. Bush are filmed talking to Enron cronies "they never met" and thanking them for all they've done for the Bush family. Enron was the largest corporate contributor to the Bush 2000 campaign. Essentially elected with the stolen retirement money of tens of thousands of workers.
Justice has not been served on this matter and in my mind never will be, at least by the courts. One plea bargain netted Andrew Fastow only 10 years, at which time he may live out his life with the hundreds of millions he embezzled. Lay, Skilling and the rest will likely fare well through the courts and will get less time than a black guy that was busted with a joint.
Luckily, they screwed so many people that they will be forced to live in seclusion for life. I know that if someone stole $400,000 from me I'd see them again very soon, through the site of a high-powered rifle.
One good turn deserves another.


