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Then the Enron bankruptcy and accounting scandal hit the news, and the entire energy sector was affected by the fallout. In less than a year Mirant's stock price declined about 80 percent.
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What effect did the Enron scandal have on J.P. Morgan?
The U.S. Securities and Exchange Commission alleged that the company helped Enron set up complex financing, which allowed Enron to hide debt and make earnings and revenues look much better than the actual financial position
How did AEP withstand the Enron scandal?
AEP was able to emerge unscathed by the exposures of accounting scandals and corporate malfeasance throughout the energy industry following the Enron meltdown.
Corruption of big business?
A few examples are Enron and Adelphia.
Enron Field was the name of what team's ballpark for a short time?
astros
What mistake in crisis management was made during the Enron scandal?
Arthur Andersen waited too long to take responsibility for the tampered financial statements and this hesitation alone ruined the firm's reputation just as badly as Enron's.
What is the population of Mirant?
Mirant's population is 2,006.
When was Mirant created?
Mirant was created on 2001-04-02.
What effect Enron conduct had on stock prices?
After the Enron accounting scandal came to light, its stock price plummeted to 0, which wiped out many investors who had purchased Enron's stock.
When did S. Marce Fuller become CEO of Mirant?
In July 1999 Fuller became president, chief executive officer, and a director of Mirant
What effect did the Enron scandal have on J.P. Morgan?
The U.S. Securities and Exchange Commission alleged that the company helped Enron set up complex financing, which allowed Enron to hide debt and make earnings and revenues look much better than the actual financial position
When did S. Marce Fuller join the Mirant Corporation?
In 1992 Fuller went to work for Mirant Corporation, a subsidiary of Southern Company, as an international project director.
How many plants does Mirant operate?
Mirant operates a lot of plants in the United States of America. For the urban areas of the Mid-Atlantic, the NorthEast and California there are 12 plants.
What is Enron's population?
The population of Enron is 22,000.
When did Enron end?
Enron ended in 2001.
When was Enron scandal created?
Enron scandal was created in 1985.
What is S. Marce Fuller's occupation?
President and CEO, Mirant Corporation
When did Enron stop trading?
Enron was filed for bankruptcy on December 2nd 2001
