Effects Of The Enron Scandal (Kassie)
Effects of the Enron Scandal (Kassie)
The Enron scandal had a great effect on the United States, with an impact on individuals from the consumer level to those running the company as well as the stock market and investors. Throughout the scandal, 4,500 employees lost their jobs and investors lost approximately $60 billion dollars within a few days. The loss of such a large sum of money meant the loss of old-age and retirement security for many of the investors who put their money and faith in the success of Enron. For the company itself, its pension fund was eliminated, leaving its employees with further financial burden. The fall of Enron included the fall of its stock market prices. Enron’s losses on the financial market led it to
The Enron scandal had a great effect on the United States, with an impact on individuals from the consumer level to those running the company as well as the stock market and investors. Throughout the scandal, 4,500 employees lost their jobs and investors lost approximately $60 billion dollars within a few days. The loss of such a large sum of money meant the loss of old-age and retirement security for many of the investors who put their money and faith in the success of Enron. For the company itself, its pension fund was eliminated, leaving its employees with further financial burden. The fall of Enron included the fall of its stock market prices. Enron’s losses on the financial market led it to