Enron was a Houston-based energy-trading and utilities company known for one of the biggest accounting frauds in history. The company filed for bankruptcy in 2001 and has since a symbol of corporate corruption. See related links for Answers.com references on Enron.
Enron is not a place with a population. Enron Corporation was a company, not a city or region.
Kenneth Lay, Jeffrey Skilling, and Stephen F. Cooper served as CEO or interim CEO of Enron during the life of the company. The company is now defunct.
ENRON
AEP was able to emerge unscathed by the exposures of accounting scandals and corporate malfeasance throughout the energy industry following the Enron meltdown.
Lax oversight by the company's audit committee
Enron
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
Enron ended in 2001.
Enron was a company that is best known for its finical scandal in the year 2000. The companies backroom and finical discrepancies have changed others business practices because of the severity of the punishment as well as the example that was made of them through the government and hearings.
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.
The details of the Enron scandal are: The company's financial statements were not clear to the shareholders and analysts, they also had a complicated business model and unethical practices, that required them to modify balance sheets to illustrate favourable performance.