Enron

Enron was a leader in the natural gases business. no(prenominal) to large agone they were adjacent the top of their industry, as their memory determine was a soaring 90. But that has all now pinched into a little number, with too many zeros coming aft(prenominal) the decimal. The caller-up has been taboo from the New York Stock Exchange, and is b bely survive to be a stock. Why has an energy giant travel they instruction it has?         Enron was at top of their game in rattling(a) of 2000. Their stock price was all over $90 per sh ar, and they wear charging along. most a couple months later, Enron starts toi follow into trouble. Their CEO resigns and states that it was personal reasons. They are having trouble woth their partners, as they guess Enron is over pricing their products and duplicity us. concisely to come was that Enron posts epic quarter loses on October 15, 2001. They are supportered by Chevron who injected 1.5 one thousand t housand dollars to the aid of Enron. That did not help because by December 2, 2001, Enron institutionalize Chapter 11 bankrupcy and they fire 4,000 employees the adjacent day. From then on, it had been a freefall for Enron.         The NYSE, on January 15, 2002, halt all job of Enron, which stock price was way below $10, and eventualy delsit then from they NYSE.

Soon after, the company decliones in stock price to be worthy less than a dime. Is this the biggest scandal in our history? No. Simply because real quite a little with real money who had zipper to do with Enrons problems lost mone y.          afterward all th! e hype to the highest degree the company going sour, the great unwashed started to investigate. They soon found extinct that all the board members of the company had sold all their stock, near when the price of Enron was at the top. They had told their employees to harbor their stocks, If you want to get a full essay, order it on our website: OrderCustomPaper.com

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