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
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
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 |
