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Lax oversight by the company's audit committee

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When did Enron end?

Enron ended in 2001.


When did Enron stop trading?

Enron was filed for bankruptcy on December 2nd 2001


Did anyone recommend a sell for Enron before it failed?

According to an article published in the Los Angeles Times in January, 2002, an investor known to specialize in short-selling, named James Chanos, was a prominent critic of Wall Streets valuation of Enron. While his claims received little attention, Chanos began to publicly challenge the reports of Enron's profitability. He began to short Enron stock in early 2001--well ahead of the collapse--and, throughout 2001, a small number of investors began to follow his lead. By December 2, 2001, Enron had declared bankruptcy, thus fueling the ongoing debate about whether investors had been duped, or simply weren't paying attention to the proper indicators.


What company did Sherron Watkins work for when declared bankruptcy?

Sherron Watkins worked for Enron Corporation when the company declared bankruptcy in December 2001. She was a vice president and is known for her role in exposing the accounting fraud that contributed to Enron's collapse. Her whistleblowing is often credited with bringing attention to the unethical practices within the company.


How were the Enron stakeholders affected?

Enron stakeholders were profoundly affected by the company's collapse in 2001. Employees lost their jobs and retirement savings, as many had invested heavily in Enron stock, which became worthless. Investors faced significant financial losses, leading to lawsuits and a loss of trust in corporate governance. Additionally, the scandal prompted regulatory changes, such as the Sarbanes-Oxley Act, aimed at enhancing financial transparency and protecting stakeholders in the future.


When did trading stop?

Enron was filed for bankruptcy on December 2nd 2001


What led to the collapse of Enron?

The collapse of Enron was primarily due to widespread accounting fraud and corporate malfeasance, where the company used complex financial structures and off-balance-sheet entities to hide debt and inflate profits. This deception eroded investor trust and ultimately led to a loss of confidence in the company's financial statements. The scandal was exacerbated by the complicity of accounting firm Arthur Andersen, which failed to ensure accurate audits. Enron filed for bankruptcy in December 2001, marking one of the largest bankruptcies in U.S. history and leading to significant regulatory reforms in corporate governance and accounting practices.


What was the name of the Houston Astros' home ballpark in 2000 and 2001?

Enron Field


Does Enron still exist?

No, Enron no longer exists as a company. It filed for bankruptcy in December 2001 after a major accounting scandal revealed widespread fraud, leading to significant financial losses and legal repercussions. The bankruptcy was one of the largest in U.S. history at the time, and the company's assets were sold off or liquidated in the following years. Enron's legacy continues to serve as a cautionary tale in corporate governance and ethics.


What was the role of federal agencies in governing or overseeing Enron's activities?

Federal agencies played a crucial role in overseeing Enron's activities, primarily through the Securities and Exchange Commission (SEC), which was responsible for regulating the securities industry and protecting investors. The SEC conducted investigations into Enron's accounting practices and financial disclosures, particularly after the company's collapse in 2001. Additionally, the Federal Energy Regulatory Commission (FERC) monitored Enron's activities in the energy market, but its effectiveness was limited by the company's complex financial structures and aggressive trading strategies. Overall, the failure of these agencies to adequately regulate and respond to Enron's unethical practices contributed to the company's downfall and highlighted significant gaps in oversight.


What was Enron?

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.


When and where did baseball player Wilfredo Rodriguez play?

Wilfredo Rodriguez debuted on September 21, 2001, playing for the Houston Astros at Enron Field; he played his final game on October 4, 2001, playing for the Houston Astros at Enron Field.