ginamari9

Tuesday, November 07, 2006

Jeffrey Skilling, the former Enron executive, is still staying he's innocent! He was sentenced to serve 24 years and 4 months in prison on 19 counts of fraud and conspiracy. He was one of the men to dream up deceitful accounting tricks to hide the financial problems Enron was going through. Most people believe that the sentencing for white collar crimes is too harsh, and that may be the case in a lot of instances, but I don't believe his sentencing is too harsh. His purposeful unethical acts and lies caused pain to many families, and I think he deserves everything he's getting. Not only did Skilling's actions cause people to lose their jobs, but what he did effected so many people's futures and their families futures. If he wins and appeal...... aye yi yi.

Here's a brief summary of the Enron film we watched:

The film is based on the book by Bethany McLean and Peter Elkind. It takes a look at probably the biggest corporate scandal in American history. It traces the events leading up to the company walking away with more than a billion dollars - which robbed employees and investors blind. The documentary is a interwoven mass of video footage, audio and interviews that lay out the story. It was pretty interesting... and humorous at some points.

We've been watching the Enron DVD this last week - which has been fascinating. It's almost impossible to believe that people can be so unethical. The film makes me wonder if the people behind the scandal actually just got in over there heads when they saw dollar signs -- or if they actually were, in fact, just bad people at their core.

What is the relationship between financial analysts and practitioners of financial public relations? I found that in the post-Enron marketplace, people expect complete and full disclosure on a company's financial standings. Public relations professionals are expected to communicate a company's investor relations in areas such as merger/acquisitions, IPO communications, quarterly earnings, investor conferences, financial media relations, annual report assistance, online investor relations opportunities, research and analyis. PR pro's should also be aware of communicating financial media relations, and financial analyst relations.