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  2. Enron Scandal: The Fall of a Wall Street Darling - Investopedia

    Enron Hailed for Its Innovation . Enron created EnronOnline (EOL) in October 1999, an electronic trading website that focused on commodities. Enron was the counterparty to every transaction on EOL ...

  3. Enron scandal | Summary, Explained, History, & Facts

    Enron scandal, series of events that resulted in the bankruptcy of the U.S. energy, commodities, and services company Enron Corporation and the dissolution of Arthur Andersen LLP, which had been one of the largest auditing and accounting companies in the world. The collapse of Enron, which held more than $60 billion in assets, involved one of the biggest bankruptcy filings in the history of ...

  4. Enron: The Smartest Guys in the Room: Directed by Alex Gibney. With John Beard, Tim Belden, Barbara Boxer, George W. Bush. A documentary about the Enron corporation, its faulty and corrupt business practices, and how they led to its fall.

  5. The Enron Scandal - Stanford University

    On December 2, 2001, Enron filed for bankruptcy. At the time, Enron's meteoric fall marked the largest corporate bankruptcy in US history. [1] The Fall of Enron. Enron engaged in mark to market (MTM) accounting, for which the company received official US Securities and Exchange Commission (SEC) approval in 1992.

  6. Enron Scandal - Overview, Role of MTM, Agency Conflicts

    Through deceiving accounting tricks, Enron Corporation – the US-based energy, commodities, and services company – was able to trick its investors into thinking that the firm was doing much better than it actually was. Understanding the Enron Scandal. At Enron’s peak in mid-2001, the company’s shares were trading at an all-time high of ...


    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 executive Michael Kopper would go on to plead guilty to conspiracy to commit wire fraud and money laundering conspiracy in August 2002.

  8. Ethical Dilemmas: How Scandals Damage Companies

    Enron faced an ethical accounting scandal in 2001 after using “mark-to-market” accounting to fake their profits and misused special purpose entities, or SPEs. Enron worked to make their losses seem less than they actually were, and “cooked the books” to make their income look much higher than it was.

  9. A Look at Those Involved in Enron ScandalChicago Tribune

    Former Enron CEO Jeff Skilling walks to the Bob Casey U.S. Courthouse for the second day of his testimony in his fraud and conspiracy trial on April 11 in Houston.

  10. The Smartest Guys in the Room (book) - Wikipedia

    The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron is a book by Bethany McLean and Peter Elkind, first published in 2003 by Portfolio Trade. In 2005, it was adapted into a documentary film, Enron: The Smartest Guys in the Room. McLean and Elkind worked on the book when they both were Fortune senior writers.

  11. These 5 Things Could Have Prevented the Enron Disaster

    The word “Enron” wasn’t always synonymous with “epic corporate fraud on a massive scale.” Back in the late 20th century, Houston-based Enron was a totally respectable, seemingly above-board energy conglomerate with tens of thousands of employees and a ten-figure market capitalization. Its C-level executives made millions of dollars per year in cash and stock compensation. The Houston ...