The Enron Scandal

In 1930, Northern lifelike turgidity, a Nebraska-based gas line of work beau monde was founded and thus began The Enron Corporation as one of the worldss star(p) muscle companies. In December 2001, Enron filed the largest corporate bankruptcy drive in unify States history. The fraternitys chip in led to investigations of both Enron and Arthur Andersen, an explanation unshakable employed by Enron. Investigators were alerted to charges that Enron deliberately concealed its fiscal problems, misled investors, and failed to wage income taxes. Since January, 2001 Enrons image has been tarnished making their shopworn today worthless. With corrupted executives and the befriend of their auditing firm, Enron has been able to provide investors with false financial discipline which gave investors a false picture of the companys true state of affairs. The collapse of Enron has do thousands of employees lose their life savings in 401k plans and company stock holdings. Inves tors were defrauded out of billions of dollars and everyone began asking the question, How did this happen, and can we prevent this from occurrent once again? go with History The Enron Corporation was renamed InterNorth in 1980 and bought Belco Petroleum in 1983. InterNorth also helped pee the Northern contact Pipeline to link Canadian field with the United States markets. (C-Span.

com, 2002) Houston Natural Gas (HNG) formed in 1925 and bought Houston Pipe-Line Company in 1956 and valley Gas Production in 1963. HNG change its original dissemination properties to Entex in 1976. In 1984, the executives refo cused HNG on vivid gas and added Transweste! rn Pipe-line and Florida Gas Transmission. (WashingtonPost.com, 2002) By 1985, HNG operated the only transcontinental gas pipeline. In 1985, InterNorth bought HNG, creating the United States largest natural gas pipeline system. Once these companies merged, it was renamed Enron. The home shield were then moved from Omaha to Houston. In 1992, Enron and three... If you want to get a full essay, order it on our website: BestEssayCheap.com

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