The Rise and Fall of Energy Giant, Enron

By 2001, the company filed for bankruptcy. This scandal shocked the whole country. In addition, it harms the economic life of some employees who rely on the company. Most of the people who have lost their jobs are nearing retirees. They lost all the benefits gained so far. After that, the company accepted the failure and agreed to the counterfeit account. And the profit was balancing the profit through losses and unrecorded costs. Stock price declines: stock prices fell to just 26 cents a share from 90 dollars per share in just two years.

A study conducted by the Department of Justice and the Securities and Exchange Commission after Enron collapsed in 2002 showed that Enron's accountant Arthur Anderson helped misrepresent the financial condition of the company. Therefore, laws have been passed to further standardize the activities of accountants, and new policies are still being formulated. The necessary research here involves investigating environmental or workplace safety standards and laboratory studies showing the appropriate street light effects on reducing unnecessary benefits or harm and reducing violent crime of eating specific foods It is included. Such research can set standards and can support policies that regulate dangerous substances and practices in safe places.

Critics say the deregulation of the energy business has created an environment for the decline of Enron. Kenneth Lay, Chairman and CEO, is clearly invited to participate in Dick Cheney's Vice President 's Energy Policy Working Group. Most importantly, Enron 's chief executive, in particular Ryan, is very close to many governments who call his friend Ryan, including President Bush himself "Kenny Boy".

At that time, Enron was the beloved person of Wall Street and was seen as a model of business excellence. This article is not the first person to swing among energy giants, but McLean is unique. Links of "It Girls" McLean of Enron and Hollywood talk about Kate Hudson and Jennifer Lopez. She called Enron "It Stock" and talked about how to "rush" about company fans and when analysts talked about it. In the article for this wealthy reader, we ask simple questions and explain its importance. To express his own opinion, McLean said that he was almost innocent, the emperor did not have a style of clothing, and asked, "I do not know ... you?" Enron 's bankruptcy incident and a belief in the company' s many executives. McLean was praised for his downfall, her sequel "the wisest person in the room" was converted to a documentary and nominated for the Emmy award.