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Enron
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- Words:
- 768
- Submitted:
- Sun Dec 15 2002
... Enron is another company that was affected by Arthur Andersen and its own lack of ethics. Enron has been in existence since 1985 providing products and services related to natural gas and electricity. It had numerous operations in the gas industry, such as, Transportation and Distribution, Interstate Transmission, of Natural Gas, Northern Natural Gas co., Transwestern Pipeline Company, and more. Since 1985 Enron made numerous acquisitions, purchases, and sales. It acquired Natural Gas, El Paso Energy Corporation, Portland General Corporation, and more companies, which helped Enron become the 7th largest corporation in the U.S. and therefore, published in Fortune 500 magazine. (Daily Enron.com, pp 1) In 2001, Enron was heavily involved in trading gas and electricity with its stock was worth over $80 and plunged to $0.10 a share in early 2002. Enron's ethics, as well as Arthur Andersen's were the cause of Enron's collapse. Enron participated
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