question archive Enron Corporation, one of North America's largest and most profitable corporations was founded in 1985
Enron Corporation, one of North America's largest and most profitable corporations was founded in 1985
Subject:AccountingPrice: Bought3
Enron Corporation, one of North America's largest and most profitable corporations was
founded in 1985. The company was by and large an oil and gas trader. In 2000 it
reported revenues of $101 Billion dollars US. In 2001 it was bankrupt. Its common
shares traded at a high of $90 US in mid-2000 and in the Fall of 2001 they were trading
for less than $1. Enron's financial auditors, Arthur Anderson, one of the largest
worldwide public accounting firms would dissolve its partnership as a result of this
financial scandal.
Discuss the fall-out of Enron. What happened to the key figures? Arthur Anderson?
Do you think the penalties were too much, too little?
