Why Did Enron Fail?
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Why Did Enron Fail? Introduction From America's 7th most valuable company in December 2000, to a company in ruins by early 2002, Enron has been involved in one of the most incredible reverses of fortune ever. With shares riding high on Wall Street at $84.87 on the 28th December 2000, and awards such as "America's most innovative company" from Fortune Magazine 6 years running, and "Energy Company of the Year" from the Financial Times also in 2000, it looked as though Enron were promising to be one of the biggest American companies of all time. Things started going drastically wrong. As large losses were being reported, share prices tumbled, and Enron, within the space of only a year, was on the verge of collapse. I shall be investigating the factors of this collapse, some of them due to business and economic factors, but mostly through deception and fraud. Analysis The timeline of events from...


