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Enron |
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Enron A U.S. energy-trading and utilities company that housed one of the biggest accounting frauds in history. Enron's executives employed accounting practices that falsely inflated the company's revenues, which, at the height of the scandal, made the firm become the seventh largest corporation in the United States. Once the fraud came to light, the company quickly unraveled and filed for Chapter 11 bankruptcy on Dec 2, 2001. Notes: Enron shares traded as high as $85 before the fraud was discovered, but plummeted to $0.30 in the sell-off after the fraud was revealed. Shareholders received company payouts as compensation for their losses, but former company executives also settled to pay shareholders out of their own pockets. Enron was the first big-name account scandal, but it was soon followed by the uncovering of frauds at other companies such as WorldCom and Tyco International, and has become a symbol of modern corporate crime. |
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Former Christian Coalition director Ralph Reed found a lucrative career once he left TV preacher Pat Robertson's political outfit: As a consultant, Reed was paid hundreds of thousands of dollars by the Enron Corporation over a five-year period until the company collapsed, a newly released Federal Election Commission (FEC) report has indicated. Pero el calor politico de las investigaciones de dos gobiernos sobre Enron, la fracasada empresa norteamericana de comercio de energia, ilega a la jungla boliviana, como el gasoducto de 628 kilometros que Enron construyo en este pais con dinero de los contribuyentes norteamericanos. If you're like most, you've been astonished, disillusioned and angered as you learned of the meteoric rise and fall of Enron Corp. |
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Enron
