The Enron Trial Fortune magazine named Enron the most innovative company in 2001. Enron ranked seventh in the list of Fortune 500 companies. The companys shares had been selling at a high price, giving high returns to its investors, but a series of accounting scandals led to the fall in the share value (Hoskisson 130, 136, 137). The following chart that has been retrieved from http://www.balancedscorecard.org/images/enron_chart.gif shows how the stock price for Enron fell from 2001 to 2002. Accounting scandals and the tremendous fall in Enrons share value led Enron to file for bankruptcy in December 2001. This at the time became the largest bankruptcy in U.S. history (Hoskisson 130). In January 2002, the US justice department began its investigation of Enron (http://www.cbc.ca/news/background/enron/). Here is an overview of the Enron trial: 2002 January: Kenneth L. Lay resigned from the post of chairman and Chief Executive Officer (http://www.cbc.ca/news/background/enron/). In an interview he said Due to the multiple inquiries and investigations, some of which are......

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