Enron Scandal Free Essay, Term Paper and Book Report
Enron Scandal:
Bad Business Practices
Enrons corporate scandal had reportedly housed one of the largest accounting frauds in history. Enron was a once viable, working in diverse areas of business, until it began to employ bad business practices. Enrons demise was a result of bad ethical business practices and degenerate philosophies of overall business ideals.
Enron was established in 1985 by Houston natural gas CEO Kenneth Lay. Initially, Enron was a company whose main commodities were the distribution of gas and electricity. Enron quickly began to diversify into such endeavors as communication bandwidths and weather derivatives. On the surface, Enron would seem to be one of the most vibrant businesses worldwide; on the core Enron was suffering from bad ethical business practices
This practice drove up their stock price to new levels, at which point the executives began to work on insider information and trade millions of dollars worth of Enron stock. The executives and insiders at Enron knew about the offshore accounts that were hiding losses for the company; however the ......
Word Count: 479
Page Count: 1.9 (250 words a page / double spaced)
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