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Essay / Research Paper Abstract
This 5 page paper provides an overview of the Enron collapse as it was unfolding in 2002. Facts about the company's history and exactly what it did to cause the fiasco are included. How society has been affected by Enron is also discussed. Bibliography lists 5 sources.
Page Count:
5 pages (~225 words per page)
File: RT13_SA207Enr.rtf
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Unformatted sample text from the term paper:
(2002) rightly points out that Kmarts bankruptcy will result in more job loss than what Enron has laid off so far. While that may be true, Enron has also become
a political nightmare. Democrats try to portray the debacle as a corporate and political scandal since there are some links all the way up to President Bush himself (Chaddock, 2002).
Others blame Clinton for the mess. What is Enron and why is everybody making such a fuss? Enron is a publicly held company that was once a top provider of
electricity and gas but had recently filed Chapter 11 bankruptcy ("Enron," 2002). The Rival power marketer Dynegy did agree to buy Enron but when speculation about shady accounting practices
hit the media, stock princes plummeted and Dynegy quashed the deal (2002). Enrons collapse and subsequent suspicious activity such as document shredding has created a situation where Congress started
an investigation (2002). Things became dismal fast. Not only is the company in trouble, but it has created quite a poor image. The public sees the executives leaving with
their retirement packages in tact but the majority of employees losing jobs and losing 401K money. From the look of things, something is not right. What is the history of
this now controversial company? II. History Enron began in 1985 as the combination of two companies called Houston Natural Gas and InterNorth ("Chronology," 2002). In 1989, it
began trading natural gas commodities and over the years, the company had become the largest natural gas merchant in North America as well as the United Kingdom (2002). In
1994, Enron North America traded its first electron and then went on to become the largest U.S. marketer of electricity(2002). In 1997, the company created a new logo and
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