Enron

Enron   (Financial fraud, Corporation)
Predecessor	•  Lay's Houston Natural Gas •  InterNorth
Formation	1985
Founder	Kenneth Lay
Extinction	3 December 2001
Headquarters	1400 Smith Street Houston, Texas, United States
Staff	20,600
Member of	Highlands Forum
"America's Most Innovative Company" for six consecutive years, especially in the accounting department. Massive bankruptcy in December 2001

Enron Corporation was an American energy, commodities, and services company based in Houston, Texas. It was founded by Kenneth Lay in 1985 as a merger between Lay's Houston Natural Gas and InterNorth, both small regional companies. Before its bankruptcy on December 3, 2001, Enron employed approximately 29,000 staff and was a major electricity, natural gas, communications and pulp and paper company, with claimed revenues of nearly $101 billion during 2000. Fortune named Enron "America's Most Innovative Company" for six consecutive years.

Enron scandal

Full article: Enron scandal

At the end of 2001, it was revealed that Enron's reported financial condition was sustained by an institutionalized, systemic and creatively planned accounting fraud, known since as the Enron scandal. Enron has since become a well-known example of willful corporate fraud and corruption. The scandal also brought into question the accounting practices and activities of many corporations in the United States and was a factor in the enactment of the Sarbanes–Oxley Act of 2002. The scandal also affected the greater business world by causing the dissolution of the Arthur Andersen accounting firm, which had been Enron's main auditor for years.

Weblinks

• Enron in India: The Dabhol Disaster

 

Employees on Wikispooks

Employee	Job	Appointed	End	Description
J. Clifford Baxter	Chief Strategy Officer	1991	25 January 2002	"Committed suicide". Prior to his death he had agreed to testify before Congress
Christian Holmes	US/Vice President
Jessica Uhl		1997	2003	In USA & Panama

 

Known member

1 of the 17 of the members already have pages here:

Member
Kenneth Lay

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References

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