The following year Enron opens its first overseas offices in England to take advantage of the country's privatization of its power industry. The company's major strategy shift to pursue unregulated markets in addition to its regulated pipeline business is revealed to executives in a gathering that became known as the "Come to Jesus" meeting. After becoming the newly created top executive, Lay later became chairman of the board
and in 1989 hired Jeffrey Skilling as Chief Executive Officer. This move helped Enron launches its Gas Bank, a program under which buyers of natural gas can lock in long-term supplies at fixed prices. The company also begins to offer financing for oil and gas producers. Approximately three years later Enron acquires Transportador...
... middle of paper ...
...t before the fall is a legitimate thing to do. It is a extremely had thing to do being the whistle blower. Why take the chance of putting your own future and lively hood at stake because of a couple dollars. If I were an executive I have already made enough money to sustain, so sticking around to get more wouldn’t be a smart thing for me to do.
1) American Wind energy association, http://www.awea.org/pubs/documents/globalmarket2001.PDF
2) Mark to market definition, http://www.investorwords.com/2996/mark_to_market.html
3) The Enron Collapse; Potter, Jeff - Clark, Kevin - http://www.franklincollege.edu/pwp/jporter/Enron%20Case%20Study.pdf
4) Enron Creditors Recovery Corp. http://www.enron.com/
5) Enron-the smartest guys un the room, www.enronmovie.com
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