Enron Scandal and Enron Representatives

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Enron Scandal and Enron Representatives

Based in Houston, Texas an American energy, commodities, and services company named ENRON CORPORATION was Ranked number 7 on the fortune 500 list in 2000, it was one of the most famous and largest integrated natural gas and electricity companies in the world. The company went bankruptcy on December 2, 2001. But before that it marketed natural gas liquids around the world and was working as one of the biggest natural gas transmission systems in the world, with transmissions over a massive area of 36,000 miles. Serving both upcoming and the industrial market, It was one of the largest autonomous developers and creators of electricity. Enron also supplied of solar and wind renewable energy in many parts of the world, it was one of the largest suppliers in this form of energy as well. ,,,,,,,,,,,,,,,,,,, It managed the largest portfolio of natural gas-related risk management contracts in the world, and was one of the world's biggest independent oil and gas exploration companies. In North America, Enron was the largest wholesale marketer of natural gas and electricity. Enron pioneered innovative trading products, such as gas futures and weather futures, significantly modernizing the utilities industry. After a surge of growth in the early 1990s, the company ran into difficulties. The magnitude of Enron's losses was hidden from stockholders. The company folded after a failed merger deal with Dynegy Inc. in 2001 brought to light massive financial finagling. and its failure was the biggest bankruptcy in American history.

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Enron Scandal And Ethics

The 2001 Enron scandal gave business ethics a new lease on life. Enron, an energy firm in Texas, was considered an economic success story. Its stock had grown quickly, and the board of directors was satisfied with management. It was discovered, however,

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