While on his latest assignment, Caul breaks his own code and becomes immersed in the latest conversation he's taped. While piecing together fragments of a lunchtime conversation (Coppola dazzles us with his repeated fetish for technology here), something stirs Caul and he begins projecting his own misery onto the discussion. He finally discerns that some evil plot may occur because of his work and is forced into the moral dilemma of whether to turn in the tapes.
Ultimately, Coppola's cynical, complex script doesn't just condemn Caul for his foolish discovery of his own conscience; it shatters him into a million pieces, during an unforgettable final image. Allusions to Watergate are impossible to ignore, and the movie is still one of the most devastating, important films in '70s American cinema. --Dave McCoy