Buy custom The Rise And Fall Of Enron
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Topic: |
Business
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Number of pages / Number of words: |
4 / 873 |
Essay's paper body
This forced Enron to report losses above $1 billion. The SEC investigated Enron and Fastow was replaced.
Enron drew a $3 billion dollar line of credit and began to pay off its outstanding debt, but this was not enough. In 2001, Enron disclose that it would sustain losses for around $1 billion and would reinstate its financial outcome for the years of 1997, 1998, 1999, 2000 and for year of 2001 the first two quarters, to make right the errors that puffed up Enron $591 million net income...
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The shock of this summary was massive as Enron dropped 91% in stock.
Over 4,000 employees were laid off at Enron during the time in which the SEC was investigating and Enron filing bankruptcy. In December 2001, when congress was investigating Enron, the company declined two congressional hearings.
It was realized that most of the companyâs success was a result of passing off the debt and losses onto the partnerships...
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General points of the essay
Enron's Fall
Enron & SOX
Enron - Ask Why?
Enron Downfall
Enron Scandal: Who Are Responsible for Enron?¦s Bankruptcy
Enron and the fall of the company
Enron
Enron: From the Beginning to the End
Ethics and Enron
enron - ethics
enron scandal
THE FALL OF ENRON
The Rise And Fall Of Enron
Effects of Enron
RISE AND FALL OF ENRON
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