ENRON CORPORATION - Enron 1 Running Head ERON CORPORATION E...

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E n r o n 1 Running Head: ERON CORPORATION ENRON CORPORATION Marie Porter Professor McLemore Business Law 100 May 3, 2011
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E n r o n 2 Enron Corporation also formally known as NYSE was an American energy company located in Houston, Texas. It was one of the world’s most influential electricity and natural gas companies. They had over 22,000 employees and reported revenue of over $100 billion. Fortune magazine named Enron “America’s most innovative company” for six years straight. All that came crashing down in a very bad scandal better known as the infamous “Enron Scandal”. In the coming paper I will discuss several questions about how Enron could have done things differently. The Enron scandal is known as one of the largest bankruptcy in all of American History. Enron was founded in 1985 by Kenneth Lay and went bankrupt in 2001 due to corruption and fraud. In 1992, Enron was the largest merchant of natural gas in North America. When Enron Online was created they were by far the most powerful company in the world. To further build the brand, Enron had also become known for having their owned and operated gas pipeline, broadband assets, electricity and water plants internationally. As a result of that the stock for Enron rose over 300% in a short span of time. Describe how Enron could have been structured differently to avoid such activities.
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