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Clips from Enron: The Smartest Guys in the Room (2005)

There were rumors that he brought strippers up

"There were rumors that he brought strippers up"

Enron: The Smartest Guys in the Room (2005)

to the trading floor.

"to the trading floor."

Enron: The Smartest Guys in the Room (2005)

Almost everyone knew the story.

"Almost everyone knew the story."

Enron: The Smartest Guys in the Room (2005)

The story is that because he's kind of a mild,

"The story is that because he's kind of a mild,"

Enron: The Smartest Guys in the Room (2005)

soft-spoken,

"soft-spoken,"

Enron: The Smartest Guys in the Room (2005)

almost meek individual that maybe these...

"almost meek individual that maybe these..."

Enron: The Smartest Guys in the Room (2005)

these strippers didn't even believe he was the CEO.

"these strippers didn't even believe he was the CEO."

Enron: The Smartest Guys in the Room (2005)

So he took them up to his office.

"So he took them up to his office."

Enron: The Smartest Guys in the Room (2005)

And I guess they,

"And I guess they,"

Enron: The Smartest Guys in the Room (2005)

they put on a little show for him there.

"they put on a little show for him there."

Enron: The Smartest Guys in the Room (2005)

One night he was at a club. And one of the guys said,

"One night he was at a club. And one of the guys said,"

Enron: The Smartest Guys in the Room (2005)

you know, Lou, all the rest of us are single.

"you know, Lou, all the rest of us are single."

Enron: The Smartest Guys in the Room (2005)

You know, we don't have any problem.

"You know, we don't have any problem."

Enron: The Smartest Guys in the Room (2005)

But how do you keep your wife

"But how do you keep your wife"

Enron: The Smartest Guys in the Room (2005)

from smelling the strippers' perfume on you?

"from smelling the strippers' perfume on you?"

Enron: The Smartest Guys in the Room (2005)

And Lou said, 'oh, I've got a secret'.

"And Lou said, 'oh, I've got a secret'."

Enron: The Smartest Guys in the Room (2005)

He said, 'I stop in at a gas station on the way home.

"He said, 'I stop in at a gas station on the way home."

Enron: The Smartest Guys in the Room (2005)

And I spill a little gasoline on myself

"And I spill a little gasoline on myself"

Enron: The Smartest Guys in the Room (2005)

and it kills the scent.'

"and it kills the scent.'"

Enron: The Smartest Guys in the Room (2005)

So the other guy shot back, he said, 'but Lou,

"So the other guy shot back, he said, 'but Lou,"

Enron: The Smartest Guys in the Room (2005)

doesn't your wife then think

"doesn't your wife then think"

Enron: The Smartest Guys in the Room (2005)

you're fucking the gas station attendant? '

"you're fucking the gas station attendant? '"

Enron: The Smartest Guys in the Room (2005)

In the context of Lou Pai, everyone was horrified,

"In the context of Lou Pai, everyone was horrified,"

Enron: The Smartest Guys in the Room (2005)

a pall fell over the table.

"a pall fell over the table."

Enron: The Smartest Guys in the Room (2005)

Because Lou Pai was not a man to trifle with.

"Because Lou Pai was not a man to trifle with."

Enron: The Smartest Guys in the Room (2005)

Two days later, the guy who told the joke,

"Two days later, the guy who told the joke,"

Enron: The Smartest Guys in the Room (2005)

as Enron legend... has it,

"as Enron legend... has it,"

Enron: The Smartest Guys in the Room (2005)

was dispatched to Calgary, Canada.

"was dispatched to Calgary, Canada."

Enron: The Smartest Guys in the Room (2005)

Lou Pai lost all interest in running EES

"Lou Pai lost all interest in running EES"

Enron: The Smartest Guys in the Room (2005)

as soon as the numbers got high enough.

"as soon as the numbers got high enough."

Enron: The Smartest Guys in the Room (2005)

I netted approximately a hundred million dollars.

"I netted approximately a hundred million dollars."

Enron: The Smartest Guys in the Room (2005)

I don't know if that number is accurate,

"I don't know if that number is accurate,"

Enron: The Smartest Guys in the Room (2005)

plus or minus 20 million.

"plus or minus 20 million."

Enron: The Smartest Guys in the Room (2005)

He actually left Enron with more money than anybody,

"He actually left Enron with more money than anybody,"

Enron: The Smartest Guys in the Room (2005)

250 million dollars,

"250 million dollars,"

Enron: The Smartest Guys in the Room (2005)

because he sold all his stock in Enron

"because he sold all his stock in Enron"

Enron: The Smartest Guys in the Room (2005)

after he got a divorce from his wife,

"after he got a divorce from his wife,"

Enron: The Smartest Guys in the Room (2005)

in order to marry his stripper girlfriend,

"in order to marry his stripper girlfriend,"

Enron: The Smartest Guys in the Room (2005)

who had had his child.

"who had had his child."

Enron: The Smartest Guys in the Room (2005)

His exit from Enron was as mysterious as his presence there.

"His exit from Enron was as mysterious as his presence there."

Enron: The Smartest Guys in the Room (2005)

Just sort of one day,

"Just sort of one day,"

Enron: The Smartest Guys in the Room (2005)

we all learned that Lou Pai was no longer the CEO of EES.

"we all learned that Lou Pai was no longer the CEO of EES."

Enron: The Smartest Guys in the Room (2005)

Though Lou Pai flew away from Enron

"Though Lou Pai flew away from Enron"

Enron: The Smartest Guys in the Room (2005)

with 250 million dollars,

"with 250 million dollars,"

Enron: The Smartest Guys in the Room (2005)

the divisions he left behind

"the divisions he left behind"

Enron: The Smartest Guys in the Room (2005)

lost a total of nearly $1 billion.

"lost a total of nearly $1 billion."

Enron: The Smartest Guys in the Room (2005)

But Enron managed to disguise that fact.

"But Enron managed to disguise that fact."

Enron: The Smartest Guys in the Room (2005)

Lou Pai became the second largest landowner in Colorado.

"Lou Pai became the second largest landowner in Colorado."

Enron: The Smartest Guys in the Room (2005)

It was the number.

"It was the number."

Enron: The Smartest Guys in the Room (2005)

It was always making those numbers,

"It was always making those numbers,"

Enron: The Smartest Guys in the Room (2005)

and looking, you know, it was, to me,

"and looking, you know, it was, to me,"

Enron: The Smartest Guys in the Room (2005)

the real mythology is high school mythology.

"the real mythology is high school mythology."

Enron: The Smartest Guys in the Room (2005)

That, you know,

"That, you know,"

Enron: The Smartest Guys in the Room (2005)

you wanted to be the most popular guy on Wall Street,

"you wanted to be the most popular guy on Wall Street,"

Enron: The Smartest Guys in the Room (2005)

and you were gonna do whatever you had to do to stay there.

"and you were gonna do whatever you had to do to stay there."

Enron: The Smartest Guys in the Room (2005)

And Jeff understood those rules better than,

"And Jeff understood those rules better than,"

Enron: The Smartest Guys in the Room (2005)

I think, anyone else.

"I think, anyone else."

Enron: The Smartest Guys in the Room (2005)

Americans are making a lot of money in stocks.

"Americans are making a lot of money in stocks."

Enron: The Smartest Guys in the Room (2005)

The stock market soared to near record highs yesterday.

"The stock market soared to near record highs yesterday."

Enron: The Smartest Guys in the Room (2005)

The stock market continued its bull run Thursday.

"The stock market continued its bull run Thursday."

Enron: The Smartest Guys in the Room (2005)

The Dow rose nearly 61 points.

"The Dow rose nearly 61 points."

Enron: The Smartest Guys in the Room (2005)

Even the person with very little disposable income

"Even the person with very little disposable income"

Enron: The Smartest Guys in the Room (2005)

all of a sudden began to play in the stock market,

"all of a sudden began to play in the stock market,"

Enron: The Smartest Guys in the Room (2005)

because nobody could fail.

"because nobody could fail."

Enron: The Smartest Guys in the Room (2005)

Because stock prices were just going up and up and up.

"Because stock prices were just going up and up and up."

Enron: The Smartest Guys in the Room (2005)

Another day, another record.

"Another day, another record."

Enron: The Smartest Guys in the Room (2005)

And the internet technology stocks,

"And the internet technology stocks,"

Enron: The Smartest Guys in the Room (2005)

just going wild.

"just going wild."

Enron: The Smartest Guys in the Room (2005)

Gained more than 100 points to close at 7895.81,

"Gained more than 100 points to close at 7895.81,"

Enron: The Smartest Guys in the Room (2005)

the highest finish ever.

"the highest finish ever."

Enron: The Smartest Guys in the Room (2005)

It was a time where we had the biggest bull market

"It was a time where we had the biggest bull market"

Enron: The Smartest Guys in the Room (2005)

in the history of the world.

"in the history of the world."

Enron: The Smartest Guys in the Room (2005)

Ken Lay was right there, acting as a cheerleader.

"Ken Lay was right there, acting as a cheerleader."

Enron: The Smartest Guys in the Room (2005)

Obviously our stock has been doing very well.

"Obviously our stock has been doing very well."

Enron: The Smartest Guys in the Room (2005)

I think there's a fairly good chance

"I think there's a fairly good chance"

Enron: The Smartest Guys in the Room (2005)

we could see the stock price double

"we could see the stock price double"

Enron: The Smartest Guys in the Room (2005)

again over the next year to eighteen months.

"again over the next year to eighteen months."

Enron: The Smartest Guys in the Room (2005)

Enron mounted a campaign to capture

"Enron mounted a campaign to capture"

Enron: The Smartest Guys in the Room (2005)

the hearts and minds of stock analysts.

"the hearts and minds of stock analysts."

Enron: The Smartest Guys in the Room (2005)

The natural gas stocks include Enron...

"The natural gas stocks include Enron..."

Enron: The Smartest Guys in the Room (2005)

We're never satisfied

"We're never satisfied"

Enron: The Smartest Guys in the Room (2005)

and I don't want us to ever be satisfied

"and I don't want us to ever be satisfied"

Enron: The Smartest Guys in the Room (2005)

with the stock price. It should always be higher.

"with the stock price. It should always be higher."

Enron: The Smartest Guys in the Room (2005)

Enron posted a 30-percent jump in second-quarter profits,

"Enron posted a 30-percent jump in second-quarter profits,"

Enron: The Smartest Guys in the Room (2005)

as Web-based trading boosted its wholesale energy business.

"as Web-based trading boosted its wholesale energy business."

Enron: The Smartest Guys in the Room (2005)

The game was played on Wall Street in such

"The game was played on Wall Street in such"

Enron: The Smartest Guys in the Room (2005)

an established way throughout the 1990's.

"an established way throughout the 1990's."

Enron: The Smartest Guys in the Room (2005)

As long as a company met or exceeded

"As long as a company met or exceeded"

Enron: The Smartest Guys in the Room (2005)

the analysts' projections for quarterly earnings per share,

"the analysts' projections for quarterly earnings per share,"

Enron: The Smartest Guys in the Room (2005)

the stock went higher.

"the stock went higher."

Enron: The Smartest Guys in the Room (2005)

The game was called 'pump and dump.'

"The game was called 'pump and dump.'"

Enron: The Smartest Guys in the Room (2005)

Top execs would push the stock price up

"Top execs would push the stock price up"

Enron: The Smartest Guys in the Room (2005)

and then cash in their multi-million-dollar options.

"and then cash in their multi-million-dollar options."

Enron: The Smartest Guys in the Room (2005)

People at Enron got paid, in large part, through stock.

"People at Enron got paid, in large part, through stock."

Enron: The Smartest Guys in the Room (2005)

Everyone had a huge stake in seeing the stock price go up.

"Everyone had a huge stake in seeing the stock price go up."

Enron: The Smartest Guys in the Room (2005)

And it was driven, very clearly,

"And it was driven, very clearly,"

Enron: The Smartest Guys in the Room (2005)

by the profits every single quarter.

"by the profits every single quarter."

Enron: The Smartest Guys in the Room (2005)

They were exceedingly conscious of that;

"They were exceedingly conscious of that;"

Enron: The Smartest Guys in the Room (2005)

Skilling was, and everyone else in the company was.

"Skilling was, and everyone else in the company was."

Enron: The Smartest Guys in the Room (2005)

They posted the stock price in the elevator.

"They posted the stock price in the elevator."

Enron: The Smartest Guys in the Room (2005)

You were surrounded by the health of the company;

"You were surrounded by the health of the company;"

Enron: The Smartest Guys in the Room (2005)

what's the stock price doing?

"what's the stock price doing?"

Enron: The Smartest Guys in the Room (2005)

We were consumed by it.

"We were consumed by it."

Enron: The Smartest Guys in the Room (2005)

This company was fixated on its stock price

"This company was fixated on its stock price"

Enron: The Smartest Guys in the Room (2005)

and fixated on a massive public relations campaign

"and fixated on a massive public relations campaign"

Enron: The Smartest Guys in the Room (2005)

to convince the investment community that they were new,

"to convince the investment community that they were new,"

Enron: The Smartest Guys in the Room (2005)

different, innovative;

"different, innovative;"

Enron: The Smartest Guys in the Room (2005)

almost heralding a new era of... of corporate enterprise.

"almost heralding a new era of... of corporate enterprise."

Enron: The Smartest Guys in the Room (2005)

Come work for us.

"Come work for us."

Enron: The Smartest Guys in the Room (2005)

We encourage our people to do new things,

"We encourage our people to do new things,"

Enron: The Smartest Guys in the Room (2005)

try new things, experiment step out.

"try new things, experiment step out."

Enron: The Smartest Guys in the Room (2005)

We begin by attracting the kind of people

"We begin by attracting the kind of people"

Enron: The Smartest Guys in the Room (2005)

that are more comfortable in an environment of change.

"that are more comfortable in an environment of change."

Enron: The Smartest Guys in the Room (2005)

You know when you work for Enron

"You know when you work for Enron"

Enron: The Smartest Guys in the Room (2005)

you're gonna see the newest thinking.

"you're gonna see the newest thinking."

Enron: The Smartest Guys in the Room (2005)

You're going to see the newest markets opening up.

"You're going to see the newest markets opening up."

Enron: The Smartest Guys in the Room (2005)

Enron on-line, a fabulous, fabulous story.

"Enron on-line, a fabulous, fabulous story."

Enron: The Smartest Guys in the Room (2005)

They were so good at their acting

"They were so good at their acting"

Enron: The Smartest Guys in the Room (2005)

that they convinced corporate America

"that they convinced corporate America"

Enron: The Smartest Guys in the Room (2005)

that they were smarter than anyone else.

"that they were smarter than anyone else."

Enron: The Smartest Guys in the Room (2005)

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