Enron

A detailed Summary of Enron


Throughout the late 1990s, Enron was almost universally considered one of the country's most innovative companies -- a new-economy maverick that forsook musty, old industries with their cumbersome hard assets in favor of the freewheeling world of e-commerce. The company continued to build power plants and operate gas lines, but it became better known for its unique trading businesses. Besides buying and selling gas and electricity futures, it created whole new markets for such oddball "commodities" as broadcast time for advertisers, weather futures, and Internet bandwidth.

If there were justice in the world, we could all sit back and relax, knowing that Enron executives got what they deserved for their corruption and mismanagement. The problem is, Enr


on's collapse has put thousands of innocent Americans out of work and wiped out the retirement portfolios of thousands more. Here's what happened.

When Enron stock took a nose dive last fall, its corporate captains decided not to go down with the ship. They and their top investors sold their stock while hiding the true financial condition of the company from everyone else. In fact, Lay lied to Enron's small investors, telling them that the company's future had never looked brighter. As if that's not bad enough, after years of encouraging their employees to invest their retirement savings almost exclusively in Enron stock, Enron leaders banned those same employees from selling that stock even as the prices plummeted and while they themselves were bai

Some common words found in the essay are:
, Enron--which Enron's, enron stock, crony capitalism,

Approximate Word count = 511
Approximate Pages = 2 (250 words per page double spaced)

Category: Miscellaneous

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