Scene 1: Mark-To-Market Party, 1992
A party in a small office at Enron. Present are: Employees drinking champagne; Claudia Roe, a very attractive blonde woman of forty in a short skirt. She sticks close to the most powerful man in the room – Ken Lay, an easy, convivial man in his sixties, greeting and acknowledging every employee with practised southern hospitality; Andy Fastow, a nervy, lupine guy in his thirties, is circling with an unsettling grin.
Fastow is on the outskirts of the group of Employees, trying to ingratiate himself.
Fastow Quite a party.
Lay and Roe glide by this group, despite Fastow's outstretched hand.
(one eye on Lay)Just. It's great news. About mark-to-market.
Fastow Look, even Ken Lay's here.
Fastow You think he plays golf?
Lay magnanimously greets another couple of starstruck employees. He's like an avuncular politician.
Fastow Where's the guy who put this thing together?
Fastow Jeff Skilling.
Fastow The mark-to-market guy.
Fastow Maybe he's not a big party guy.
Fastow Actually I always thought we would.
Outside the party, Skilling straightens his suit, his hair. He looks like a bespectacled, overweight, balding accountant. He takes a deep breath.
He enters the party and finds himself a drink for confidence.
Fastow You can't get Lay away from Claws there. It's like she's his carer.
Fastow Yeah. You think I should?
Fastow He's just a guy, I'm a guy.Yeah. This is how things happen!
Roe goes over to collect Skilling.
Fastow strides over to introduce himself to Lay.
Fastow Hi there, Mr Lay.
Fastow No sir, I wish I was, I'm Andy –
Fastow Yes sir!
Roe drags Skilling over to Lay.
Lay slaps Skilling on the back.
Fastow I just wanted to say congratulations – mark-to-market, much more appropriate, much more transparent. Exactly the right thing.
Fastow Sorry. Andy, Andy Fastow, you hired me –
Fastow Mark-to-market's the accounting system for all the big investment banks / on Wall Street.
Fastow No, no, you see –
Fastow Mark-to-market lets us show the future / profits. / Hugely liberating –
Fastow exhales and glances at the group of employees who had teased him.
Fastow I've talked to some people, I don't know …
He takes it upon himself to clink his glass to get everyone's attention. It's a surprise. Any speech would be deemed to be Lay's job.
Fastow They'll have to have their own ideas.
Skilling turns and walks back to Lay, Roe and Fastow.
Skilling downs his drink.
We see projections of the joys and stability of the 1990s.
Bill Clinton, the break-up of the Soviet Union, Microsoft, the Internet and the rise of the home computer and Intel, Friends, Nelson Mandela's election, images of Arnie in Terminator 2.
An Employee comes forward to speak to us.