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Definition of 'Enron'
A U.S. energy-trading and utilities company that housed one of the biggest accounting frauds in history. Enron's executives employed accounting practices that falsely inflated the company's revenues, which, at the height of the scandal, made the firm become the seventh largest corporation in the United States. Once the fraud came to light, the company quickly unraveled and filed for Chapter 11 bankruptcy on Dec. 2, 2001.
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Investopedia explains 'Enron'
Enron shares traded as high as $85 before the fraud was discovered, but plummeted to $0.30 in the sell-off after the fraud was revealed. Shareholders received company payouts as compensation for their losses, but former company executives also settled to pay shareholders out of their own pockets. Enron was the first big-name account scandal, but it was soon followed by the uncovering of frauds at other companies such as WorldCom and Tyco International, and has become a symbol of modern corporate crime.
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Search results for 'Enron'
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http://financialedge.investopedia.com/financial-edge/1211/The-Enron-Collapse-A-Look-Back.aspx
... The Enron Collapse: A Look Back. ... Deregulation of the energy markets allowed companies
to place bets on future prices, and Enron was poised to take advantage. ...
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http://www.investopedia.com/articles/stocks/09/enron-collapse.asp
Enron is a classic example of greed gone wrong and how investors were led
astray. ... Enron: The Fall Of A Wall Street Darling. December ...
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http://www.investopedia.com/articles/analyst/011802.asp
Business Owners: Avoid Enron-esque Retirement Plans. ... Meeting Date, Start Time, End
Time, Meeting Length, Enron Closing Price, % of Jan. '01 Price. 01/02/01, $79.86 ...
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http://financialedge.investopedia.com/financial-edge/0410/Wall-Street-History-Howard-Hughes-Enron-And-Sin-Taxes.aspx
... Wall Street History: Howard Hughes, Enron And Sin Taxes.
Posted: April 6, 2010 2:38PM by Andrew Beattie. ...
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http://www.investopedia.com/ask/answers/09/mahonia-enron-jp-morgan.asp
... Unfortunately for Mahonia, more than half of its business was with Enron. ... As Enron's
financial troubles increased, they asked Mahonia to buy more. ...
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http://www.investopedia.com/articles/financial-theory/11/detecting-financial-fraud.asp
Find out how to tell if a company is manipulating its financial
data, so you don't invest in the next Enron. ...
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http://www.investopedia.com/articles/00/100900.asp
... Enron, 2001 Prior to this debacle, Enron, a Houston-based energy trading company
was, based on revenue, the seventh largest company in the US Through some ...
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http://www.investopedia.com/slide-show/biggest-stock-scams/2001-enron.aspx
... worthless. Major pension funds in Quebec and Ontario, which had invested heavily
in the stock, lost millions. 2001: Enron. This Houston ...
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http://financialedge.investopedia.com/financial-edge/0609/Crime-Vs.-Time-Madoff-Faces-Off-Against-Fellow-Fraudsters.aspx
... Jeff Skilling: Estimated $62 Billion = 24 Years, 4 Months As the former CEO of Enron,
Jeffrey Skilling received 24 years and four months in jail and was fined ...
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http://financialedge.investopedia.com/financial-edge/0911/Why-You-Shouldnt-Trust-Ratings-From-Rating-Agencies.aspx
... Back in 2001, along with most investors, the agencies were slow to catch on to the
fact that energy giant Enron was hiding massive liabilities off of its ...
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