The ENRON scandal: The downfall of the ENRON corporation

Enron began business in 1986 as a result of the conjugation of two natural vaunt companies intent on creating the inaugural nationwide natural gas pipeline. Enron wanted to take favor of the newly deregulated markets for energy and become a market contact for energy. They wanted to accomplish this by manner of speaking together buyers and sellers of energy, in addition to delivering natural gas. But instead of simply bringing buyers and sellers together, Enron entered the contract with the seller and signed a contract with the buyer, making money on the difference between the selling toll and the buying price. Enron kept its books closed, making it the only party that knew both prices. Over time, Enron began to design increasingly varied and complex contracts. Customers could check over themselves against all sorts of eventualities-such as a rise or string up in interest rates, a change in the weather, or a customers inability to pay. By the late 1990s, the Enron Corporation control lead almost 25 percent of all electricity and natural gas contracts traded worldwide and were considered the best in the business.

Three important factors that led to the pin of the Enron Corporation were poor chronicle practices or creative accounting, unorthodox human resources management, and greed among management and traders. Unfortunately, the focus of the velocity management changed and they became obsessed with expanding the company at any cost. This control management to override internal and external controls in an judge to chase profits. This type of envisageing not only led to the demise of Enron, only also negatively impacted investor boldness throughout the stock market.

Enron began using creative accounting to evacuate reporting its huge losses and to give the appearance of quick earnings growth. For example, Enron would overestimate the value of one of its operations and bring that...

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I think you have a lot of information include in your paper. It is pretty detailed and very informative but the only thing i would say it lacks is the organization of the paragraphs! I do not think you paid much anxiety to the way you put your sentences together.

The first paragraph for example magnate need a little help! I think it can give a better idea to the endorser if you divide it into two paragraphs instead of one.

ANyway, that is just my opinion. You may do it or you may not, but i would recommend for you to keep for other opinions and recommandations before you do something.

This is a well researched order of work. Considering the date to was written, the author should have mentioned the Sarbanes Oxley Act of 2003 which passed as a reult of the Enron Crisis

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