What brought about Enron's col

Between 1996 and 2000, Enron reported an increase in sales from $13.3 billion to $100.8 billion. As of 2000, Enron had approximately 19,000 employees. Per each employee, Enron says it generated $5.3 million in revenues. The men and women of Enron made the employees at Microsoft (revenue per employee: $610,256) look slothful. Enron al

In a six-week collapse in the fall of 2001, Enron disclosed a dramatic $638 million third-quarter loss. This caused the Securities and Exchange Commission to open an investigation into Enron’s partnerships and the company's main rival, Dynegy, which announced it wanted to merge with Enron, but later decided not to after Enron's stock plummeted to less than a dollar a share.

Enron’s reported revenue was based on its exploitation of a loophole in accounting rules that allowed it to book revenue from huge energy-derivative contracts at their gross value, not their net value as done with other securities dealings. In actuality, it used complex partnerships to keep some $500 million in debt off its books and hide its financial troubles so it could cont

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Exchange Commission, Citigroup IBM, Houston Texas, Enron Enron, Arthur Andersen’s, enron workers, 2000 enron, exchange commission,