About this document
Enron by Mei Ma is a document available to read on EtoBox.
Enron is formed through the merger of Houston Natural Gas and InterNorth in 1985. In 1987, Enron discovers that traders in its Valhalla office had been diverting company funds for personal use and manipulating accounts to inflate profits. Despite this, the board does not initially fire the traders due to their profits. However, a massive losing trade in October 1987 threatens to bankrupt the company before it is reduced. The traders are then fired and later plead guilty to felonies. Enron begins trading nat
- Author
- Mei Ma
- Language
- EN