Subject category:
Finance, Accounting and Control
Published in:
2002
Length: 15 pages
Data source: Published sources
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Abstract
Of course hindsight is twenty-twenty, but there was a time when most of corporate America marveled at the awesome might and earnings growth of Enron Corporation. It was a corporation that did things the ''Enron'' way. Coupled by the strong loyalty of its employees, the company exploded from the simple shell of a gas-pipeline business into a natural gas and electricity-trading giant. Reporting strong earnings, Wall Street loved the company and shares of the firm reached a high in 2000 of $90.75. But within a year of sprinting to this peak, the company would be brought down to reality. Problems with management and strategic decisions had made the giant financially vulnerable where a takeover may be the only way out for this once proud organisation. With the failed attempt to lure Dynegy into a purchase and the company filing Chapter 11 Bankruptcy protection, it may only be a matter of time before the lights go out at Enron.
About
Abstract
Of course hindsight is twenty-twenty, but there was a time when most of corporate America marveled at the awesome might and earnings growth of Enron Corporation. It was a corporation that did things the ''Enron'' way. Coupled by the strong loyalty of its employees, the company exploded from the simple shell of a gas-pipeline business into a natural gas and electricity-trading giant. Reporting strong earnings, Wall Street loved the company and shares of the firm reached a high in 2000 of $90.75. But within a year of sprinting to this peak, the company would be brought down to reality. Problems with management and strategic decisions had made the giant financially vulnerable where a takeover may be the only way out for this once proud organisation. With the failed attempt to lure Dynegy into a purchase and the company filing Chapter 11 Bankruptcy protection, it may only be a matter of time before the lights go out at Enron.