Last night my wife and I re-watched “Enron: The Smartest Guys in the Room,” the documentary version of the riveting book by Peter Elkind and Bethany McLean. Make sure you see it if you get the chance.
The movie includes some infamous 2001 footage of Enron’s Ken Lay presenting former Federal Reserve Chair Alan Greenspan with the Enron Award for Distinguished Public Service.
Now those were the days.
In Greenspan’s defense, he apparently turned down a $10,000 honorarium and a $15,000 sculpture that came with the award, and even got in a good dig at Enron’s expense by telling a student during the ceremony, “The best chance you have of making a big success in this world is to decide from square one that you’re going to do it ethically.”
Still, someone ought to stash that footage in a time capsule somewhere — a tribute to a simpler time when stock prices were God, cash and profits were optional, and everyone got the home of their dreams, personal finances be damned.
If we weren’t living with the consequences, it would all seem like a dream — or a bad nightmare.
Speaking of which, by late June at the latest, the Supreme Court is expected to issue a ruling on the appeal of former Enron CEO Jeffrey Skilling’s conviction. Be sure to stay tuned for more on that.