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Enron

Enron has filed for Chapter 11 bankruptcy. So many people have been named but no facts have proven guilt on some political figures. The question is asked "Will we ever know what happened"?Enron put itself up for sale-putting its top assestsup trying to save the company.It is a shame that a company that grew so fast had to turn to fraudulent practices and in the process cause so many people to lose what they had saved up for their retirement.What has happened to corporate America?Can we trust our investment to any broker, or investment company. I think someone should pay for what was done to the people who trusted their company and invested in its stock There is not a lot that can be done.
             ALLEGATIONS AGAINST ENRON.
             Enron sold insiders a billion dollars worth of shares of its stock in the last two year-while other shareholders were left out. How much influence have on President Bush's energy policy?As Governor Of Texas, Bush was not a stranger at Enron's Houston head office. More than a dozen contracts between top Bush and Enron were made.The president is now trying to distance himself and his adminstration from this story of greed and deception.
             Here are some complaints made aaganist Enron and people want answers to their questions:.
             1-Members of the Senate Government Affairs wnt to know the role of Merrill Lynch and other financial institutions.
             2-Company went broke amid allegations it hid billions in losses in a tangled web of subsidiaries. Enron executives stand accused of denying their hares at the time when employees were prevented from doing the same.
             3-The Enron scandal cuts right into the current adminstration. The employees want to know the involment there.
             4-As Enron crashes angry employees want to know where were the firm's suditors, regulators and the stock analysts.
             5-For Enron Washington may have been a bad investment.John McCain is reported to have said"Big business maybe learning a lesson in how much money can buy".


Essays Related to Enron

1. Enron

The fall of Enron has forced many businesses to rethink their strategies on reporting their finances. ... The Enron executives knew this, but continued anyway because those deals would make them money, even though they would hurt Enron overall. ... Another issue at Enron was the reporting of finances correctly. ... A final problem was the lack of information given to the lower employees of Enron. ... During the stock plunge, Enron executives ordered a freeze on employees selling stocks. ...

  • Word Count: 855
  • Approx Pages: 3

2. Enron

The Enron scandal was the largest corporate financial scandal ever when it emerged. ... Enron was on the verge of selling itself to Dynegy for $8 billion. ... Withdrawing their offer on Enron probably saved Dynegy as well. ... The bankruptcy of Enron led to many subpoenas amongst executives of Enron, Arthur Anderson (Enron's accounting firm and the largest in America), and further investigations into the paper shredding incident and how this happened in the first place. ... Anderson did mislead investors in their reports of Enron's finances. ...

  • Word Count: 1040
  • Approx Pages: 4
  • Grade Level: Undergraduate

3. The Fall of Enron

The Fall of Enron The History Enron began as a pipeline company in Houston in 1985. ... The Business of Enron Enron became a giant middleman that worked like a hybrid of traditional exchanges. ... Over time, Enron began to design increasingly varied and complex contracts. ... The Failure of Enron As its services became more complex and its stock soared, Enron created a constellation of partnerships that allowed manages to shift debt off the books. ... Clifford Baxter, (former Enron Vice Chairman) was one of 29 former and current Enron executives and board members names as defendants in f...

  • Word Count: 797
  • Approx Pages: 3
  • Grade Level: Undergraduate

4. Enron

Another issue arising from the Enron case is the clarity of roles and responsibilities of directors. ... Enron was such an example. ... The ultimate failure of Enron may be the lack of "management ethics". ... These people maintained an illusion of Enron's financial health. If Andersen had blown the whistle on Enron's financial transactions, Enron may have been forced to keep its debt from spiraling out of control. ...

  • Word Count: 1015
  • Approx Pages: 4
  • Grade Level: Undergraduate

5. Enron

The most notorious example of current times is the Enron Scandal. ... Enron had at one time enjoyed enormous success. ... Enron's mission statement emphasizes integrity, fairness and openness. ... Integrity was a main point in Enron's mission statement. ... The Enron scandal has lead many question the morals and ethics of the firm. ...

  • Word Count: 1381
  • Approx Pages: 6
  • Grade Level: Undergraduate

6. Enron Scandal

Enron used a "floor-offset" arrangement to reduce its pension expense. ... Enron had ties to Chewco Investments LP and JEDI. They were classified as independent entities on Enron's financial statements. ... These were deliberate acts to improve Enron's financial statements. ... Especially when it's on such a large scale as this Enron case. ...

  • Word Count: 1087
  • Approx Pages: 4

7. Enron

In just a little over 15 years, Enron grew into one of the US's largest companies. ... As predicted, the review went over favorably for Enron. On August 14th, 2001, Jeff Skilling resigned from Enron as its chief executive of Enron and Kenneth Lay retook the position as chief executive. ... With Enron's employees trying to pull out, Enron put a block on their employees selling their stock from within their pension schemes. ... On December 2nd, 2001 Enron filed bankruptcy. ...

  • Word Count: 1211
  • Approx Pages: 5
  • Has Bibliography

8. Why Did Enron Collapse

Enron's strategic intent was to become the blue-chip energy and communication company of the 21st century through its business efforts in four core areas: Enron Wholesale Services, Enron Broadband Services, Enron Energy Services, and Enron Transportation Services. ... Tom Fowler of the Houston Chronicle Enron reported the following example about how an Enron employee profited from the misstating of finances; "The partnerships called LJM1 and LJM2, which were formed using Enron equity and outside capital as a way to hedge against the risks involved in some of the company's new lines ...

  • Word Count: 1277
  • Approx Pages: 5
  • Has Bibliography
  • Grade Level: Undergraduate

9. Why Did Enron Collapse?

Enron's strategic intent was to become the blue-chip energy and communication company of the 21st century through its business efforts in four core areas: Enron Wholesale Services, Enron Broadband Services, Enron Energy Services, and Enron Transportation Services. ... Tom Fowler of the Houston Chronicle Enron reported the following example about how an Enron employee profited from the misstating of finances; "The partnerships called LJM1 and LJM2, which were formed using Enron equity and outside capital as a way to hedge against the risks involved in some of the company's new lines ...

  • Word Count: 1262
  • Approx Pages: 5
  • Has Bibliography
  • Grade Level: Undergraduate

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