In this essay we shall look at what kind of a company Enron was and try to follow the destructive path that it followed. We shall look at whether or not Enron’s failure was due to political and economical reasons or if it was down to the corporate megalomania of it’s Chief executive and it’s board members. We shall look at what induces corporate megalomania, and what lessons can be learn’t from Enron. Intro a bit bigger////also talk about sherron Watkins in intro cos she blew the whistle on them///

Thousands of people lost their jobs at enron and in addition loads of people lost their pensions. Enron became one of the biggest fraus in American history. Enron also had a groeth in tec industry internet the character of enron was hugheley emphasised on a corporate culture continue with this……..

Enron was a company that was headed up by its chief executive Kenneth Lay. Lay was a charming man who had excellent inter social skills, particularly within the political circuit of the Federal Government of America.

One person that Lay recruited was Jeffery Skilling. Skilling was recruited to head up a new division of Enron called Enron Gas Services. When the deregulation happened the natural gas and electricity industry was no longer credit worthy and as Enron had debts spewing out of every pipeline this was not going to be good for business. Enron needed to develop into another division of fold. And so the gas bank was created. Enron developed a pool of suppliers for natural gas and electricity and then rather than each individual company selling their services; Enron would act as kind of an agent and selling the services on their behalf for a small transaction fee. It was a good idea for Skilling and although it took a while to get off the ground and flourish it soon became a profitable business, and the deals and contract for energy supply soon came rolling in for Enron (Swartz 2003:46)

When Enron started in the 1980’s it was a company with vision and soon became one of the largest natural gas pipeline companies in America. It was made up of loads of subsidiary companies that created a cross-stitch network of pipeline companies covering America and supplying natural gas th

Some topics in this essay:
Miller Fusaro, America Enron, Gas Services, Enron Intro, , Kenneth Lay, Enron Swartz, Lay Lay, Al Gore, Enron Lay, natural gas, gas electricity, natural gas electricity, corporate megalomania, pensions enron, selling services, kenneth lay, miller fusaro, federal government, people lost, chief executive,