Enron Crisis And Collapse free essay sample

This paper examines the rise and fall of the nations seventh largest enterprise, Enron, and the criminal involvement of its executives. This paper discusses the rise and fall of nations seventh largest company, Enron International. It describes Enrons bankruptcy and one of the worst stories of deception, greed and fraud in the history of Corporate America. The paper also examines how the largest energy trader of the United States managed to keep its negative debt position off the books with the help of its auditing firm, Arthur Andersen. Enron was formed when two energy companies, Houston Natural Gas and InterNorth, decided to merge their operations in 1985. The company achieved tremendous success, as energy trading firm and it was the first firm of its kind where energy was traded as any other commodity. In the short span of 15 years, the company managed to gain rise to heights of success as it turned from a regulated natural gas company into worlds largest energy trader. We will write a custom essay sample on Enron Crisis And Collapse or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page With 21,000 employees and operations in more than 30 countries, the company it seemed was doing extremely well and this was further supported by the evidence presented by its auditors.