Enron Essays

  • Enron

    1167 Words  | 3 Pages

    Enron started about 18 years ago in July of 1985. Huston Natural Gas merged with InterNorth, a natural gas company. After their merge they decided to come up with a new name, Enron. Enron grew in that 18-year span to be one of America's largest companies. A man named Kenneth Lay who was an energy economist became the CEO of Enron. He was an optimistic man and was very eager to do things a new way. He built Enron into an enormous corporation and in just 9 years Enron became the largest marketer of

  • Enron

    1894 Words  | 4 Pages

    hear the word Enron, they immediately associate it with the most important accounting scandal of our lifetimes. Enron was an American gas company that began as the Northern Natural Gas Company in 1931. Internorth, a holding company in headquartered in Omaha, Nebraska, purchased the Northern Natural Gas Company and reorganized it is 1979. Enron arose from the 1985 merger of Houston Natural Gas and Internorth. After building a large, new corporate headquarters in Omaha, in 1986 the new Enron named former

  • Enron

    1136 Words  | 3 Pages

    Integrative Case – The Downfall of Enron Part I 1.     Ken Lay served as CEO and chairman and Jeffrey Skilling also served as CEO. They both were responsible for planning, organizing, controlling and leading the company. They set goals for the company and organized how they would be achieved. Kay’s role was as the figurehead and the leader. He also served as the spokesperson for the company and made many of the decision on the future of the company. As CEO’s they both possessed effective communication

  • Enron Essay

    1577 Words  | 4 Pages

    The rise of Enron took ten years, and the fall only took twenty days. Enron’s fall cost its investors $35,948,344,993.501, and forced the government to intervene by passing the Sarbanes-Oxley Act (SOX) 2 in 2002. SOX was put in place as a safeguard against fraud by making executives personally responsible for any fraudulent activity, as well as making audits and financial checks more frequent and rigorous. As a result, SOX allows investors to feel more at ease, knowing that it is highly unlikely

  • The Enron Scandal

    608 Words  | 2 Pages

    Course III 13 May 2014 The Enron Scandal Enron deliberately created artificial shortages in California for electricity, two days in a row, causing the price to skyrocket. Enron is a natural gas and electricity plant/business that buys and sells energy. The most influential historical event that has happened during the 21ST century is The Enron Scandal because the loss sustained by investors exceeded $70 billion and only a small amount of the lost money was returned. The Enron Scandal made millions of

  • The Enron Disgrace

    2858 Words  | 6 Pages

    The Enron Disgrace: Abstract: Ray Bowen, a Citigroup banker at the time and now Enron's chief financial officer, once asked Mr. [Andrew Fastow] about a batch of complex equations that filled a whiteboard in the conference room next to the Mr. Fastow's office. "You can't tell me you understand those equations," Mr. Bowen commented to Mr. Fastow. Mr. Fastow replied: "I pulled them out of a book to intimidate people." The Fastows headed to Mrs. Fastow's native Houston in 1990, both taking jobs at a

  • The Downfall of Enron

    1744 Words  | 4 Pages

    proper ethics, it is representing not only itself in a positive manner, but its partners, shareholders, and clients as well. On the other hand, when an organization partakes in unethical activities, all parties are negatively affected. The collapse of Enron is a major case of unethical conduct in the corporate world, because the circumstances surrounding the firm’s chaotic plunge where so scandalous that it left “creditors wrangling over Enron's skeletal remains” (Helyar) long after the company had seen

  • The Fall of Enron

    844 Words  | 2 Pages

    The film Enron: The Smartest Guys in the Room was a great film loaded with examples of unethical behavior with Enron being an unethical corporate culture. The film portrays the rise and fall of Enron, one of the most corrupted corporations this country has seen. Enron had started off as a promising energy company with a vision to do good which quickly turned sour when top executives torn the company down while stealing millions of dollars from people. A reason for the downfall of Enron was the deregulation

  • Enron Stakeholders

    1628 Words  | 4 Pages

    Enron Stakeholder Assignment Enron was a dream come true for a lot of people, but it was also a nightmare waiting to happen for many more. I am going to examine the collapse of Enron from the management perspective. The three examples of Enron behaving badly that I am going to study are the incidents in Valhalla, the electricity trading in California and the conflict of interest between Andy Fastow and his special purpose entities (SPE). These are just a few cases that led to the failure of

  • The Fall of Enron

    1149 Words  | 3 Pages

    The fall and bankruptcy of Enron was a key time in the financial world. The fraud that was perpetuated at Enron impacted investors, employees, and the country as a whole. In order for the situation to reach the level that it did, other parties were knowledgable of the wrongdoings but did nothing to abate the issue. The business analysts took everything CEO Jeff Skilling said to be true and the investment banks involved with Enron masked loans as sales with buyback agreements. The fraud was caused

  • The Collapse Of Enron

    1789 Words  | 4 Pages

    Enron Corp. is a company that reached dramatic heights, only to face a dizzying collapse. The story ends with the bankruptcy of one of America 's largest corporations. Enron 's collapse affected the lives of thousands of employees and shook Wall Street to its core. At Enron 's peak, its shares were worth $90.75, but they plummeted to $0.67 in January 2002 following bankruptcy. To this day, many wonder how such a powerful business disintegrated almost overnight and how it managed to fool the regulators

  • Enron Case

    851 Words  | 2 Pages

    Enron corporation, a company establisted at 1985, in Taxes. Until 2001, it becames one of the biggest company in the world, which service for energy, natural gas and telecommunications. In 2000, the disclosure turnover reached $101 billion. Everything is going well for Enron corporation. However, at beginning of 2001, Jim - a good reputation of the short-term investment agency owner. Publicly on Enron’s profit model expressed doubts. He pointed out that alough Enron’s business looks very brilliant

  • The History Of Enron

    1023 Words  | 3 Pages

    Enron was the world 's biggest and richest company in the late nineteen-nineties. It 's net value reached 70 billion dollars over the course of a decade and crashed and burned in a single year of savage media coverage and brutal criminal investigations. It 's important to understand how individual arrogance, the corporate recklessness, and U.S. greed collaboratively cost the biggest economic scandal of its kind. Enron was founded in nineteen eighty-five by Kenneth Lay as a natural gas company in

  • Overview of the Enron Scandal

    1221 Words  | 3 Pages

    Enron Corporation was an energy company founded in Omaha, Nebraska. The corporation chose Houston, Texas to home its headquarters and staffed about 20,000 people. It was one of the largest natural gas and electricity providers in the United States, and even the world. In the 1990’s, Enron was widely considered a highly innovative, financially booming company, with shares trading at about $90 at their highest points. Little did the public know, the success of the company was a gigantic lie, and possibly

  • The Enron Corporation Scandal

    1822 Words  | 4 Pages

    The American Dream typically involves working hard to build up an organization, maintaining it well, and reaping the benefits. This vision most certainly drove the formation of the energy powerhouse known as the Enron Corporation. The company began as two average sized organizations and within 15 years emerged as America’s seventh largest company. The organization employed close to 21,000 staff members with locations in over 40 nations around the world. Unfortunately, this success was decimated by

  • Movie Analysis Of Enron

    2182 Words  | 5 Pages

    Enron was a Houston based energy, commodities and services company. When people hear the name Enron they automatically associate their name with one of the biggest accounting and ethical scandals known to date. The documentary, “Enron: The Smartest Guys in the Room,” provides an in depth examination of Enron and the Enron scandal. The film does a wonderful job of depicting the downfall of Enron and how the corporate culture and ethics were key to Enron’s fall. As the movie suggests, Enron is “not

  • Rise Of Enron Essay

    1854 Words  | 4 Pages

    Enron formed in 1985 when InterNorth merged with Houston Natural Gas, whose CEO Kenneth Lay would become the CEO of the newly formed Enron, who at its peak was worth 70 billion dollars. Lay held a Ph.D. in Economics. Lay was also a contributor to being granted deregulation and the ability to sell energy on the free market. It was this deregulation that caused Ken Lay to see the money he could make in energy and what ultimately caused Enron to form. This is what Ken Lay had dreamed of since he was

  • Enron Case Analysis

    1073 Words  | 3 Pages

    and in a matter of 24 days they fell down into a hole of bankruptcy and dishonor. What took Enron 16-years to grow from $10 billion of assets to $65 billion was all gone in a matter of days. While Enron’s story is one of numbers and transactions it is also a story of human tragedy, a story of major misconduct within a top corporation. As shown in the documentary, Enron: The Smartest Guys in the Room, Enron became one of the worlds most acclaimed business ethics case of the century. The documentary

  • Enron Scandal

    1285 Words  | 3 Pages

    Enron was a successful American energy, commodities and services company that is better known for one of the most notorious scandals in United States history. Before their involvement in criminal activity, Enron was also one of world’s major electricity and natural gas companies and was named “America’s Most Innovative Company” by Fortune magazine six years in a row. In 1985, Kenneth Lay, founder and CEO of Enron, merged Houston Natural Gas and InterNorth, Inc. to form Enron. By 1992, Enron became

  • Enron Scandal

    1811 Words  | 4 Pages

    The Enron Scandal One of the most popular business bankruptcies and collapses known to date is that of the Enron Corporation. Enron, once known as "America's Most Innovative Company" by Fortune Magazine six straight years from 1996 to 2001. Enron seemed to be doing very well until the summer of 2001 generating a lot of cash and new businesses, but in October of 2001 Enron was forced to disclose that their accounting practices had been very creative, and failed to follow generally accepted accounting