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Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
10 / 2670 |
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It had stakes in almost 30,000 miles of gas pipelines; either owned or accessed 15,000 miles of fiber-optic network and had stakes in global operations on generating electricity.
In the result, for five years in a row, from 1996 to 2000, Enron was named "America's most innovative Company" by Fortune magazine, and headed the list of Fortune's "100 best companies to Work for in America" in 2000...
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Enron reputation was undermined by rumors on bribery and political pressure with the objective of securing contacts in South and Central America, Philippines and Africa. The Enron was blamed to use its connections with Clinton and Bush administrations to express pressure in their contracts. The events were followed by a series of scandals involving irregular accounting methods bordering on fraud which involved Enron and Arthur Andersen accounting firm and led Enron on the verge of undergoing the largest bankruptcy in economic history in November 2001...
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