Cutting Edge Enron Commercial

[@JarethTheGoblinKingForever]

Watch this fat guy eating mints in an old truck: kzbin.info/www/bejne/nZKafJqlfayip7M

[@Huskrrrr]

"Open, transparent." Words that should never be used to describe Enron.

[@JarethTheGoblinKingForever]

Enron is like Amazon's older brother. Shady and non-transparent through and through.

[@willpoundstone71]

Biggest crime Enron committed: calling it Enron Online rather than Enronline

[@jdh21403]

That “why why why” is so ominous I’m gonna hear that shit in my nightmares

[@jasalrule3915]

ask yourself why. why report losses when you can just report everything as profit.

[@manuelmarquez2514]

Why use mark to market and other accounting tricks to hide losses and show artificial profits? 🤔

[@voxterh.6166]

Ask why, why manipulate and shut down the western power grid at any moments notice to make a profit?

[@steverogers8163]

I remember these commercials. Even as a kid I knew they didn't make any sense.

[@smakfu1375]

"It's real simple: the loss was hidden" (by Andy Fastow in Chewco and JEDI). Hey Skilling, if you happen to read this, just know you're still a PoS.

[@agamer107]

Don’t forget ljm1

[@patrickmccarron5059]

If I stood on my desk like that at work, I would be fired for being unsafe. None of those workers are tied off.

[@sloeginandsleep1170]

I hate to say it, but that’s a slick advert. In trading terms, the creation of Enron Online was akin to the launch of the iPhone. It was a total revolution in doing business. Same the business it was affiliated with crashed like the Hindenburg!

[@chetanrohila5575]

Hey. I would like to invest in your company

[@josephprins1258]

Kind of looks like a scientology commercial.

[@willz229]

ok lads, now write down $1.5 bn in the books as accounts receivable. MTM ofc

[@yooochoob]

Enron? More like Wentwrong

[@disruptIT]

Just take my money, how do I buy your stock. Please help.

[@Mnnyquintero]

We need more ruthless companies like this

[@JarethTheGoblinKingForever]

We've got 'em, they just moved overseas to where the regulations are different and we don't have to see it. For all of Enron's flaws, the company had some admirable traits like strong marketing skills, employee camaraderie and being ahead of its time. Most of Enron's 1990's advertisements could pass for today's modern Apple advertisements with their sleek globalized look and innovation.

[@ihatewhatisaw]

This looks like a promising company, How many shares can I put you down for

[@davidcarlin3850]

This stolen from Dead Poets Society….captain my captain…..standing on desks

[@Ficehdulah]

The change the world bit at the end kinda ruins the edginess - so cheesy even for the time. Otherwise, very powerful.

[@mypeteskimo5307]

PLUG POWER

[@natewattz1157]

monkaS

[@Diego_Alcantara]

"The price was hidden" -Jeffrey Skilling

[@robertenzo5397]

This looks like a good company

[@chrisconsorte7893]

Not!!

[@mt_gox]

@A Fridge Too Far Back then fatass Mark Haines was still at CNBC, shoveling Cheetos down his greedy gullet.

[@SilentDanDisney]

Totally not shady

[@chrisconsorte7893]

Not!!! 😂

[@empireofyoutube7487]

Yes, yes, is very good company. Ignore that pile of paper, totally not ours.

[@tempemm]

I want to be a 90’s businessman

[@JarethTheGoblinKingForever]

Don't we all.

[@gustavrider5561]

Yeah yelling on the phone and standing on your desk but for me it is the sleazy early 2010s crypto scammer.

[@normanwaterman9257]

I remember these commercials in the late '90s before the scandal unfolded. And every time I heard the "Why...why...why?" at the end I'd be like "Don't know...don't know...don't know" lol

[@TheNightWatcher1385]

Same! Lol

[@Fadem12forReal]

That's a funny anecdote. Very relatable

[@1MicrosoftCPU]

FTX ask why

[@shannontrainer5857]

Why... why... why... did you tell your file-and-rank employees to keep buying Enron stock while, at the same time, you're cashing out your multi-billion-dollar stock option without their knowledge?

[@helenagrunstein5265]

I am curious, did you work for Enron?

[@shannontrainer5857]

@@helenagrunstein5265 No, I've watched "Enron: the Smartest Guys in the Room".

[@helenagrunstein5265]

I will give them a hint of credit that the ideology of getting a real time current market price through a rapid information sharing service s not too are off from the present. It's fascinating to research the services that were provided in the 90's that was just too ahead of it's time.

[@filrabat]

Had they been perfectly honest about it, they may not have made as much money, but it would have not lead to a spectacular collapse of their company, not to mention wipe out the pensions of their employees (some of whom committed suicide as a result).

[@JarethTheGoblinKingForever]

@@filrabat People lost a lot. One man lost his entire retirement fund; he's now spending his golden years mowing lawns to make ends meet. People lost their children's college funds. People divorced over it. There's a great film called "The Smartest Guys in the Room" that depicts why Enron was so problematic and the lengths it would go to keep secrets.

[@matthewcarter4017]

we keep asking ourselves why? why did they do it, why did they cook the books, why were they so corrupt. Also Jeff you didnt change the world

[@JarethTheGoblinKingForever]

Well, in a way Jeff Skilling changed the world - what he, Ken Lay and Andy Fastow did, among others, is something which has taught us to ask why, but for different reasons, questions that are repeating themselves in various forms with WorldCom, Theranos, etc. Theoretically a corporation should be a trustworthy entity... Enron has taught us that we can't be so naive. It's sad, because Enron really did know good PR and marketing. It had so much potential that was wasted by greed and selfishness.

[@helenagrunstein5265]

I am curious, did you work for Enron?

[@filrabat]

Why did they do it? They were they thoughlessly "Damn the torpedoes! Full speed ahead!" balls-to-the-wall management at best, outright sociopaths at worst. Why did they cook the books? To hide underperformance, same as other book-cookers. And had the benefit of hiding their flaws in their hard-charging management style. Why were they so corrupt? Because they put self-gain ahead of company and employee well-being. Jeff did help change the world, so did Ken Lay. Bernie Ebbers of WorldCom, too. And "Chainsaw Al" Dunlap of KimberlyClark and Sunbeam as well. Helped bring about the concept of the "Corporate Psychopath", as explicated by Robert Hare.

[@JarethTheGoblinKingForever]

@@helenagrunstein5265 No, I didn't. A friend of mine collects Enron memorabilia, and she shared an essay on Enron with me that she wrote in a law class. I guess you could say it got me interested ever since. It's a fascinating company for all the wrong reasons.

[@chrisconsorte7893]

Jeff didn’t change the world, he fooled everyone and got rich!

[@StephenMarquez]

I wish them the highest success! surely, a great company.

[@UniteFoundation1]

Not the Blind Mice man with the dogs. Lol!

[@plushcrochet8719]

The commercial in four words: SCAM SCAM SCAM SCAM.

[@austinherrera8242]

ERCOT is the new ENRON and they're doing the exact same thing with Texas right now, like they did in the California power outages.

[@SoulDuckling126]

And both named like failed million dollars milliary science project

[@shadowpatriot4427]

Big time

[@andrewdubose9968]

Close, but waaaaaay off. ERCOT does not own power plants, nor transmission lines. They do not trade electricity.

[@SheldonAdama17]

Why why why why did you lie lie lie

[@chadfinneman9410]

snake charmers

[@susantumblety6003]

Loooove the nostalgia of the 90s the greed and definitely the jingle "why"

[@voxterh.6166]

Now skilling is back into the energy industry after being released from prison. Makes you ask why?

[@arnoldrivas4590]

Ask Why. Why did you fuck yourselves up, Enron?

[@patrickmccarron5059]

WHY report losses? WHY? Why? why? w..y? w..? ..? .. .. . ....

[@nikaluss5946]

Where can I buy stocks in the blisteringly innovative and transparent company? I’m sold. 🥸

[@JarethTheGoblinKingForever]

Sadly it's too late, you missed out on a real winner.

[@byronblake8697]

Forbes highly recommended it. Their FTX division is brilliant. Theranos, also a winner. I've curated a transformational master class on the issue.

[@charlottebasing2574]

I love Enron

[@JarethTheGoblinKingForever]

Why, why, why... why... why?

[@mollybartlett4622]

of course you do 🙄🙄

[@JarethTheGoblinKingForever]

@@mollybartlett4622 I don't know of anyone who actually "loves" Enron beyond finding it an interesting case study. Some ex-employees up here in Canada who worked in the Calgary branch have nostalgic memories of it - but also bitterness and resentment.

[@AmericanBoy-si9zg]

The sarcasm of these comments are great.

[@michaelshay3157]

How Ironic, Skilling and Enron did change the world

[@rahulvinalnarayan9743]

And change the world he did

[@mypeteskimo5307]

Enphase Energy

[@davidcarlin3850]

I cannot believe Skilling and Fastow are still not in prison. Criminals

[@gerritkorditschke8447]

Both were actually in prison. Jeffrey Skilling was sentenced to 24 years of prison in 2006, and was released in February of 2019 after a deal with the DoJ. And Fastow got six years and was released in 2011, after serving five years of his sentence.

[@norman6492]

Kenneth Lay was convicted. But was found dead of an "apparent heart attack" before he could be sentenced. Given he was the founder of Enron, to this day people still question if it was actually a heart attack, or if it was actually a suicide.

[@ytyt3922]

The Fed is now using the same type of SPVs (special purpose vehicles) that Enron used

[@shadowpatriot4427]

Just ask Jeff and Andrew why? Why, why? Ask why?

[@norman6492]

Why...Why...Why?

[@Krackerlack]

what does enron actually stand for? or is it just a made up name

[@JarethTheGoblinKingForever]

As far as I know, the "En" in "Enron" stands for "energy", but I think the name itself was just made up because it sounded good at the time.

[@JarethTheGoblinKingForever]

@Vincent Safuto Interesting, and makes sense. I know the company was famous for its crooked E symbol, but that didn't come about until later. Early-on, the company just had a simple logo and was "Enron", and the name origin confuses a lot of people. I'd been told it meant "energy", but I'd also heard other stories, as well. There was a rumour that Enron was a secret acronym (this rumour has never been validated by anyone who worked there), and also a rumour that the "E" had something to do with electronics, but I'd never heard that the name originated from "Enteron". It does make more sense than most of the rumours.

[@norman6492]

​​​@@JarethTheGoblinKingForeverKenneth Lay was going to use the name Enteron until they found out it was a medical term, so they got rid of the "Ter". And they used the "on" part because it sounded more modern

[@christopherhelms7290]

Whose your baby? What's your angle? I'll buy that.

[@pooploops]

Love this company!

[@DontFuckWitDreDay]

How do I invest in Eron? This looks like the next big thing 😮

[@veertsucks]

Sounds awesome