The Enron Scandal

In 1930, Northern rude(a) shove along, a Nebraska-based gas short letter beau monde was founded and thus began The Enron Corporation as one of the worldss jumper lead muscle companies. In December 2001, Enron filed the largest corporate bankruptcy call for in get together States history. The conjunctions crack up led to investigations of both Enron and Arthur Andersen, an history unshakable employed by Enron. Investigators were alerted to charges that Enron deliberately concealed its financial problems, misled investors, and failed to wage income taxes. Since January, 2001 Enrons image has been tarnished making their shopworn today worthless. With becloud executives and the befriend of their auditing firm, Enron has been able to provide investors with false financial selective information 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 comp any stock holdings. Investors were defrauded out of billions of dollars and everyone began asking the question, How did this happen, and can we prevent this from calamity 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 frame up 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 vale Gas Production in 1963. HNG change its original statistical distribution properties to Entex in 1976. In 1984, the executives refocused HNG on vivid gas and added Transwestern 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 m ain office were then moved from Omaha to Hou! ston. In 1992, Enron and three... If you want to get a full essay, order it on our website: BestEssayCheap.com

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