THE RISE AND FALL OF ENRON

FAMOUS BUSINESS SCANDAL
“ENRON”

By

Lakisha Shearin

Instructor:

The objective of every company is to maximize profit, become a big player and remain viable. Enron was no exception the key players at the time were Kenneth Lay CEO, Jeffery Skilling who was hired by Lay in 1990 to head the Enron Finance Corporation and by 1997 Skilling was made President and Chief Operating Officer. Andrew Fastow, CFO who was the chief financial officer of Enron.
Enron merged Houston Natural Gas in 1985 with another natural gas pipeline to create Enron. The intent from the beginning was to expand beyond just selling and transporting gas. The company was moving toward the newly deregulated markets. The deregulated markets were not governmental control. The company moved toward every deregulated energy market they could find. For example, the same way that the farmers market works is the same way that Enron bought and sold electricity and gas.......

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Title: The Rise And Fall Of Enron
Approximate Word Count: 848
Approximate Pages: 4 (250 words per double-spaced page)

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