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  • Enron Chief Executive Officer Jeffrey Skilling
    764 words
    The Fall of Enron The History Enron began as a pipeline company in Houston in 1985. It profited by promising to deliver so many cubic feet to a particular utility or business on a particular day at a market price. That change with the deregulation of electrical power markets, a change due in part to lobbying from senior Enron officials. Under the direction of former Chairman Kenneth L. Lay, Enron expanded into an energy broker, trading electricity and other commodities. The Business of Enron Enr...
  • Mr Fastow
    2,828 words
    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 young company call...
  • Enron Connection Cheney
    1,025 words
    SENATE MAJORITY LEADER Tom Daschle called Cheney's stance "unfortunate". The American people have a right to know what the facts are", Daschle said on CBS's "Face the Nation". I think the administration needs to open up, to be willing to be forthcoming with all the information regarding these circumstances". At issue are meetings Cheney or members of his energy task force held with officials of energy firms, including the now-collapsed Enron Corp., while the energy policy was being formed last y...
  • Enron Through Its Subsidiary Enron Energy Services
    1,729 words
    Company Background Enron is the story of the largest bankruptcy in the history of the United States. Through a variety of accounting tricks relating to partnerships, the company was able to inflate its profit and lower its debt. Enron executives earned millions through these partnerships and by selling stock before its demise while employees lost pension plans and retirement funds and stockholders lost value. In 1985, the merger of Houston Natural Gas and Inter North of Omaha, Nebraska formed En...
  • Management Style Of Enron
    1,030 words
    In today's society of dot com companies you see many organizations rise and fall everyday. It is not a big surprise to see e-commerce companies fall after only weeks, months, or even a few years. However when you see a tried and true steadfast company filing a Chapter 11 people are mystified. The company Enron was one of these pillar companies, whose financial demise shocked America in particular. The world and people in general were in awe to find out that this company was in fact filing for ba...

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