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This Enron case study presents our own analysis of the spectacular rise and fall of Enron. The Enron scandal was the biggest bankruptcy in United States history which cost 4,000 employees their jobs. More than 3,000 boxes of evidence and more than four terabytes of digitized data were collected by agents in the weeks after ...MANY execs were topping $12 million in the last year alone, robbing the stockholders...according to the Houston Chronicle. It starts with living and breathing the mission statement -- and conveying those values with all … Enron executives and directors earned nearly $600 million from selling company stock over their last four years*(this was before the big BUSH ENRON scandal.) But the debate over corporate conduct remains relevant. ENRON FOR DUMMIES - THE ENRON SCANDAL. They lower their ratings on Enron stock, which drops in after-hours trading to a 52-week low. It was founded in 1985 by Kenneth Lay as the result of a merger between Houston Natural Gas and InterNorth. Stock Close: $39.55. Enron scandal explained by Dr. Mary Harris. October 16 • Enron reports a third-quarter loss of $618 million. Enron shares were worth $90.75 at their peak but dropped to $0.67 immediately after the scandal was revealed and the company collapsed. Enron Scandal Facts for kids. Geri Lynn Utter February 7, 2002 12:00 am “The ultimate cause of Enron Corporation’s brutal collapse was a culture of greed and arrogance that bred excessive secrecy,” competitors and lawyers interviewed by Kurt Eichenwald of the New York Times said. 1989 - Enron enters the natural gas commodities trading market. The emphasis is on human drama, from suicide to 20,000 people sacked: the personalities of Ken Lay (with Falwellesque rectitude), Jeff Skilling (he of big ideas), Lou Pai (gone with $250 M), and Andy Fastow (the dark prince) dominate. Enron's heyday has long ended. Enron rewarded their efforts and paid the top 140 executives $680 million in 2001 before the collapse. Enron Scandal Facts for kids The following fact sheet contains interesting facts and information on Enron Scandal for kids. The Enron scandal, give out in October 2 001, Enron Top officials abused their privileges and power, manipulated information put their ow n interests above those of their employees and the public and Once it was obvious that something was amiss with Enron's bookkeeping, there was action on behalf of the Securities and Exchange Commission. October 12 • Arthur Andersen legal counsel instructs workers who audit Enron's books to destroy all but the most basic documents. ABOUT ENRON… Enron Corporation was an American energy, commodities, and services company based in Houston, Texas. Enron dives from the seventh largest US company to bankruptcy in less than a year in this tale told chronologically. 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