Enron

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Enron

An energy company that perpetrated one of the largest accounting frauds in history. Established in its latest form in 1985 in Omaha, it moved its headquarters to Houston and provided oil, natural gas, electric, water, and bandwidth products. Its share price eventually climbed to $85 because it used what it termed "innovative" techniques, including weather futures, to build its profit. In 2001, however, it was revealed that many of its assets were either overpriced or completely fictional; losses were hidden in offshore subsidies; and most profits were fraudulent. Its share price collapsed to $0.30 and Enron filed for bankruptcy in December 2001. See also: Arthur Andersen, WorldCom, Tyco International.
References in classic literature ?
The inspector's eyes started out of his head, as though to ask why the manager had uttered that ominous "Very well
Hardyman should by any chance ask why you have left Lady Lydiard, not one word about those disgraceful circumstances which connect you with the loss of the banknote
And then I began to ask why a mattress is made in two pieces.
She is sufficiently remarkable to be very superior to Mr Eugene Wrayburn--though an ordinary person might be that,' said the schoolmaster; 'and I hope you will not think it impertinent in me, sir, to ask why you put the two names together?
I understand," said Aramis, smiling, "but that is not what I meant; I do not ask you what you required my address for; I only ask why you should go to M.
We saw him walking to and fro in the garden while we concluded our meal, and Earnshaw said he'd go and ask why he would not dine: he thought we had grieved him some way.
Service personnel have been used and discarded by this Government and previous ones, but the curious thinking of the present one also leaves one to ask why are they cutting down our military personnel on one hand and actively advertising on television with recruitment campaigns for the army and RAF.
Ask why it is necessary for MEPs to meet in both Strasbourg and Brussels, and how much it costs the public purse for them to trail back and forth.
WHEN we ask why there aren't more police on the streets we are always told that the various police forces haven't got enough money.
You could ask why a mean, nasty, cheap airline, which doesn't waste tuppence, has got involved with what appears to be a luxury activity, but it makes fantastic sense, because jump racing is a terrific sponsorship opportunity that offers terrific value
We should ask why our expectations of elementary and secondary education are so low.
Students wearing orange "illegal immigrant" T-shirts with the slogan "Catch me if u can" encouraged students to ask why the group opposed the plan.