About this document
Enron Scandal: Collapse and Consequences by Rita is a document available to read on EtoBox.
Enron Corporation was an American energy company based in Houston, Texas that employed 20,000 staff. Through deregulation in the 1990s, Enron was able to increase its revenues trading electricity and natural gas. However, the company hid investment losses through off-book entities called special purpose entities. Senior executives like Andrew Fastow and Jeffrey Skilling used these entities to hide debts and inflate profits, misleading investors and employees. When the deception was uncovered, Enron collapse
- Author
- Rita
- Language
- EN