Enron was once one of the world's leading electricity, natural gas, pulp, paper and communications companies. However, in December 2, 2001, Enron suddenly filed for bankruptcy. During the ten years before Enron¡¦s went bankrupt, Enron¡¦s management had started transferring Enron¡¦s funding to personal accounts and made fake balance sheets, which provided investors information about how this company goes. (Gibney, 2005) These illegal actions, performed by certain individuals, finally led Enron to go bankrupt. These people¡¦s unethical behaviors such as CEO (Chief Executive Officer) of Enron, auditors and journalists caused Enron to go bankrupt, and therefore are responsible for Enron¡¦s bankruptcy.
First of all, the hypocrisy and dishonorable actions of Kennie Lay, the former CEO of Enron, led to Enron¡¦s bankruptcy. In August of 2000, when Enron¡¦s stock price reached $90, investors were told to buy the stock because Kennie Lay informed them that it would climb until......

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Title: Enron Scandal: Who Are Responsible For Enron¡¦s Bankruptcy
Approximate Word Count: 801
Approximate Pages: 4 (250 words per double-spaced page)

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