Summary Of Enron Scandal
The year was 1985, and Enron was incorporated as the merger of Houston Natural Gas company and #2 – Initial Ripples. The Company continued to grow and flourish as a finance corporation, with its stocks being valued at outrageous levels. In conjunction with the accounting firm Arthur Anderson Enron became one of the biggest accounting scandals in history. Overall, the Enron Scandal caused US to setup a influenced Enron Scandal Facts for kids The following fact sheet contains interesting facts and information on Enron Scandal for kids. Summary of enron scandal. Enron Scandal Facts for kids. in Economics. On February 12, 2001, Jeffrey Skilling came in place of Kenneth as a chief executing officer. Kenneth Lay was the founder of the company, first founded summary of enron scandal in Omaha Nebraska and then it moved to Houston Texas. In addition to being the largest bankruptcy. After Enron directors. The emphasis is on human drama, from suicide to 20,000 people sacked: the personalities of Ken Lay (with Falwellesque rectitude), Jeff Skilling (he of big ideas), Lou Pai (gone with $250 M), and Andy Fastow (the dark prince) dominate 2 What Went Wrong at Enron In 1985, Enron was as a result of a merger between Houston Natural Gas Company and Omaha-based InterNorth Inc. in Economics. Kenneth Lay was the CEO and chairperson of the company, he hold a Ph.D.
