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- Founded 1985
- Claimed $111 billion in revenues in 2000
- Founder and former chairman: Ken Lay
- Former president and CEO: Jeffrey Skilling
- Declared bankruptcy in 2001
- In 2001 it was discovered that the reported financial condition was the result of widespread, institutionalized, accounting fraud
- Falsifying financial reports allowed Enron to drive up the price of its own stock
- Fraud revelation led to Enron's bankruptcy and the dissolution of the Arthur Anderson accounting firm
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Enron was an energy company based in Houston, Texas. It was one of the world's largest providers of electricity, natural gas, pulp and paper, and communications systems. In 2001 it was revealed that the company's success was based largely on a massive, institutionalized, accounting fraud scheme that eventually led to Enron's bankruptcy and the dissolution of the Arthur Anderson accounting firm. Appeal trials for the executives indited in the case are ongoing, Houston News.
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Scandal
In 2001, it was revealed that numerous "creative" accounting methods had allowed Enron to commit fraud by inflating revenue figures. The company filed for bankruptcy on December 2, 2001, and Enron's shares dropped from $90.00 to $.50 on the NYSE, creating a disastrous financial situation for many share-holders. -
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Enron on Amazon
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From Edison to Enron: The Business of Power and What It Means for the Future of Electricity - $20.00
The blackout of 2003 illuminated just how dependent America is on electricity. It was not just that some 50 million people in eight states and Ontario were cut off from their Telev...Amazon
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Pipe Dreams: Greed, Ego, and the Death of Enron - $18.50
A classic investigative narrative of how Enron's business practices led to its own downfall, Pipe Dreams reveals what went wrong not just on the books, but in the minds and ...Amazon
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FRONTLINE: Bigger Than Enron - $24.99
Enron's meteoric rise and collapse revealed a watchdog system that failed. But in the 1990s, more than 400 corporations dramatically restated their value after accounting lapses, f...Amazon
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Enron: The Smartest Guys in the Room - $14.98
Based on the best-selling book of the same name by Fortune reporters Bethany McLean and Peter Elkind, a multidimensional study of one of the biggest business scandals in American h...Amazon
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The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron - $16.00
Just as Watergate was the defining political story of its time, so Enron is the biggest business story of our time. And just as All the President’s Men was the one Water...Amazon
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Enron Questions
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Why is Enrons Jeff Skilling rotting in jail while all the CEOs today are being spared (and in some cases lauded)? 1 AnswerI don't think Skilling did what every CEO does. He was convicted of conspiracy, insider trading, lying to the feds, and I think some other things as well. He de... read more -
Why does regulation of the OTC derivatives market worry the energy market? 1 AnswerBecause there are a huge amount of OTC derivative contracts written on the energy market read more -
To buddawiggi or anyone else who cares to comment, how about you millerzl? 1 AnswerYes @zgrinch ? How can I help you? It seems you and another user are in disagreement? If that is the case then lets not chastise each other for our opinions, kn... read more
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Featured Mahalo Topics
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On Twitter Powered by Twitter
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GunBroker.com Message Forums - What Was Involved W/Enron ...: I may be confusing Enron with the energy deregulation... http://bit.ly/7HkuNt
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Mandelson, you philistine corporate whore. Why not just insist all degrees are in Employability & Project Management at Enron University?
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Judge ends Enron shareholder lawsuit against banks link.reutersvez84g Glee http://u.nu/5e984
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the best personal finance writer looks back pre-enron, madoff.http://online.wsj.com/article/SB10001424052748703478704574612533936177614.html
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