Enron Research Paper

On December 2, 2001 Enron Corporation, one of America’s top energy companies stunned the nation and filed for bankruptcy. Soon after this collapse a criminal investigation was conducted and revealed the company lied about their profits and hid this so it did not show up on their bank accounts. Many key people were involved in the downfall of Enron such as Sherron Watkins.

Sherron Watkins was born on August 28, 1959 in Houston, Texas. She is, “the daughter of two secondary school teachers,” (Pellegrini, 2002, para. 2). As a child she resided with her family, “in a Houston Suburb called Tomball,” (Pellegrini, 2002, para. 2). After high school she attended the University of Texas at Austin. There she obtained, “a Masters in Professional Accounting as well as a B.B.A. in accounting and business honors,” (Sherron’s Bio, para. 6). Having these degrees allowed her to become a Certified Public Accountant. Before receiving a job with Enron, Sherron worked in New York City for three years, “as the portfolio manager of MG Trade Finance Corp’s commodity backed finance assets” (Sherron’s Bio, para. 5). Also, for eight years she worked, “in the auditing group of both the New York and Houston offices of Arthur Andersen,” (Sherron’s Bio, para. 5).

Towards the end of 1993 Sherron joined Enron and filled a portfolio management position. With this position she took care of Enron’s, “$1 billion-plus portfolio of energy related investments,” (Sherron’s Bio, para. 4). After three years she transferred to a job with Enron’s international group. Here she focused mainly on, “mergers and acquisitions of energy assets around the world,” (Sherron’s Bio, para. 4). In early 2000, Sherron transferred jobs again, but to Enron’s broadband unit. At Enron’s broa...

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...f Corporate Development. Sherron sent a letter to Kenneth Lay about her suspicions of the scandal and resigned from her position in November 2002. So you can see the Enron scandal changed lives for many.

Works Cited

(2006, March 15). Enron whistleblower tells of ‘crooked company’. Retrieved from http://www.nbcnews.com/id/11839694/ns/business-corporate_scandals/t/enron-whistleblower-tells-crooked-company/#.U0Lyoq1dUa5

Pasha, S. (2006, March 16). Enron’s whistle blower details in sinking ship. Retrieved from http://money.cnn.com/2006/03/15/news/newsmakers/enron/index.htm?section=money_topstories

Pellegrini, F. (2002, Jan 18). Person of the Week: 'Enron Whistleblower' Sherron Watkins. Retrieved from http://content.time.com/time/nation/article/0,8599,194927,00.html

Sherron’s Bio. (n.d.). Retrieved from http://www.sherronwatkins.com/sherronwatkins/Sherrons_Bio.html