Enron
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The Impact of Enron's Bankruptcy
Have you ever lost some money before? If you have then you know it is the worst feeling in the world. Imagine losing billions of dollars. That's how the IRS, Enron employees and investors felt when the Enron investigation went public.
The topic I will speak on today is the Enron Corporation. The Enron Corporation a billion dollar company mismanaged their profits and became infamous in the business world. After reading articles from ABCNEWS, MSNBC, and the Associated Press I have learned a great deal about the Enron scandal.
I will begin by discussing Enron's Services; then I will explain how they went bankrupt, and I will conclude by discussing the impact its bankruptcy had on the employees.
Enron was one of the world's top energy commodities and service companies. Enron divided its business into three areas: The first was Enron Wholesale Services which included the wholesale business of marketing and delivery of physical commodities and financial and risk management services...