An American corporation based in Houston, Texas, that traded in energy and filed for Chapter 11 bankruptcy in December 2001. Enron's collapse stunned most investors and analysts because Enron, the seventh largest corporation in the United States, had long reported huge earnings. Subsequent investigations revealed that Enron had inflated its earnings by hiding its debt and losses in subsidiary partnerships. Although some of the company's top executives made huge profits as Enron fell apart, many of its employees saw their retirement savings in Enron's 401(k) plan wiped out by the collapse of Enron's share price.
Note: Enron's collapse raised many questions about the reliability of corporate financial statements and the potentially cozy relationships between accountants and the firms they audit.
And who can forget that priceless moment from the enron saga, as documented in the book The Smartest Guys in the Room.
The result was all too predictable: enron became dominated by traders whose only allegiance was to their next paycheck.
The enron example suggests that Summers is not inclined to speak truth to power.
Were those the voices you heard in your head as you were writing enron?
This is not on the scale of enron, WorldCom, Tyco, and the other poster companies for new millennium corporate disasters.
But even after enron imploded, the deregulated market remained.
The Times Literary Supplement in its review of enron likened you to Ben Jonson.
enron's Ken Lay conducting television interviews, dappled with references to his being the humble son-of-a-pastor.
But nothing will come of it, if history is anything to go by, argues enron whistleblower Sherron Watkins.
Mario Diaz-Balart's ads tie Garcia to the collapse of enron and other misdeeds.
