What Can We Learn From Enron 20
All right, what can we learn from Enron 20 years later? So this article came out on CNBC and we will kind of see what we learned from Enron. Well, the first thing that I learned from Enron personally was don’t lie, cheat or steal.
So those are some things that really might help you out to do if you are just a human or a business or any one of those things. And Enron failed to do those. So we’re first going to remind everybody of that. But they did have a lot of innovation, a ton of innovation that came from them.
And we’re going to see what those are. Now, the innovation was expensive because ultimately it resulted in a lot of like lying, cheating, stealing and financial issues.
But we’re going to take a look at this article and see what came up from Enron 20 years later. And I had forgotten a lot of these things, but they were actually innovators, and they were the people that really helped bring us Zoom and Netflix. Imagine that imagine a world that one of the most hated companies of all time was super important in putting Netflix and Zoom on the map.
That’s really crazy, like two of the most important things that we kind of have right now came from the company that we hate the most. Isn’t that weird? And so there are liars and cheaters and stealers. But we got that out of it, and there was all this corporate fraud and all these things, and it was like these stories that was built upon in this web of lies that was spun.
Don’t we kind of see that right now with some of the phishing scams that go around right where a message is put out in a story is told and it’s believed upon, and it’s almost a foundation for what kind of went on there? It was just this elaborate story that’s made up and eventually you get to a bad place, but it all comes down at the end, right when it can’t be supported.
So this article here, I’m going to chat in and put it in the description, and you guys can reflect and remember on some of these things. But if we don’t look at the past, then we are doomed to repeat it.
Right. So just maybe reflect on this and see what was going on. Glean just a little bit from it. It has been 20 years, but refresh your memory on what happened with Enron, and let’s not repeat it as a country or as an individual and see what we kind of learn from it.
But when I saw that Zoom kind of came from it and Netflix, I was like, Whoa, that’s really crazy, the technology investments that they did make and where they were at. But imagine if that company spun those things off now what that would be would have been worth, right? So were they really super, super impressive? That’s going to do it for us here, guys.