Arthur Andersen
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Enron Corporation was an American energy, commodities, and services company based in Houston, Texas. It was founded by Kenneth Lay in 1985 as a merger between Lay's Houston Natural Gas and InterNorth, both relatively small regional companies.
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 Enron scandal was an accounting scandal involving Enron Corporation, an American energy company based in Houston, Texas. Upon being publicized in October 2001, the company declared bankruptcy and its accounting firm, Arthur Andersen – then one of the five largest audit and accountancy partnerships in the world – was effectively dissolved.
Enron was an energy-trading and utility company based in Houston, Texas, that perpetrated one of the biggest accounting frauds in history. Enron's executives employed accounting practices that...
This spring marks the 20th anniversary of the beginning of the dramatic and cataclysmic demise of Enron Corp. A scandal of exceptional scope and impact, it was (at the time) the largest bankruptcy in American history. The alleged business practices of its executives led to numerous individual criminal convictions.
The fated company’s collapse affected thousands of employees and shook Wall Street to its core. At Enron’s peak, its shares were worth $90.75; just prior to declaring bankruptcy on Dec. 2 ...
Formed in 1985, Enron rose to prominence throughout the 1990s as an energy supplier and trading powerhouse with far-flung holdings including natural gas pipelines and utilities.
Enron’s bankruptcy on Dec. 2, 2001, was the largest in U.S. history at the time, ending a stunning fall from grace. The company has become a symbol of corporate fraud, yet it leaves a long legacy...
The failure and bankruptcy of the Enron Corporation jolted Wall Street and put several employees on the verge of a financial crisis. Enron traded at the highest market price of $90.75 on December 2, 2001. And when the accounting scandal emerged, stock prices went down to a record low of $0.26 per share.
CNN — Here’s a look at Enron, an energy trading company that collapsed after a massive accounting fraud scheme was revealed. Its 2001 bankruptcy filing was the largest in American history at...