In the fall of 2001, for no apparent reason, Enron’s top executives began to resign and one executive even committed suicide. On October 12, 2001, Enron disclosed a $638 million dollar loss for the fiscal year. Later that same month, Enron announced it must pay a $690 million in debt, with another $6 billion by next year. Everyone at the time wondered how a company in such high financial standing suddenly could be broke.

Enron is one of the world’s leading energy, commodities and services companies. Enron was formed in July 1985 as a result of the merger of Houston Natural Gas and InterNorth of Omaha, Nebraska. Enron markets electricity and natural gas, delivers energy and other physical commodities, and provides financial and risk management services to customers around the world.

Enron divides its business into three core areas, wholesale services, energy services, and global services. Enron’s worldwide wholesale businesses, includes the marketing and delivery of physical commodities and financial and risk management services. Enron’s retail business provides integrated energy and facility management outsourcing solutions to commerci

Were Enron’s Actions Unethical, Illegal, Both, or Neither?

The University of California filed an amended complaint in its lawsuit against Enron. The university filed the lawsuit on behalf of stockholders who lost at least $25 billion in their Enron investments. (news.bbc.co.uk/1/hi/business/1917627)

Some topics in this essay:
Chairman Enron, White House, Andersen Enron, Nebraska Enron, Michael Kopper, Arthur Andersen, Arthur Anderson, Kenneth Lay, George Bush, Enron Corporation, • feb, arthur andersen, kenneth lay, • jan, enron executives, 4 2002, • mar, 23 2002, natural gas, arthur andersen employees, former enron, feb 4 2002, • feb 4, accounting firm arthur, electricity natural gas,