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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 at the time of the merger.
An Enron manual of ethics from July 2000, about a year before the company collapsed. Enron's complex financial statements were confusing to shareholders and analysts. [1]: 6 [10] When speculative business ventures proved disastrous, it used unethical practices to use accounting limitations to misrepresent earnings and modify the balance sheet to indicate favorable performance.
Arthur Andersen LLP was an American accounting firm based in Chicago that provided auditing, tax advising, consulting and other professional services to large corporations. By 2001, it had become one of the world's largest multinational corporations and was one of the "Big Five" accounting firms (along with Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers).
The Enron Code of Ethics is a 64-page booklet that was published by Enron Corporation, [1] the last known edition of which was in 1 July 2000. [2] The sale of copies of the booklet on eBay has passed into internet folklore. [citation needed] An article in the San Francisco Chronicle for 11 February 2002 reported a final bid level on one copy of ...
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The trial of Kenneth Lay, former chairman and CEO of Enron, and Jeffrey Skilling, former CEO and COO, was presided over by federal district court Judge Sim Lake in the Southern District of Texas in 2006 in response to the Enron scandal.
Enron also mounts a PR campaign to portray itself as a profitable, prosperous, and innovative company, even though its worldwide operations are performing poorly. Elsewhere, Enron begins ambitious initiatives, such as attempts to use broadband technology to deliver movies on demand and to "trade weather" like a commodity. Both initiatives fail ...
The book is written as a first-hand account of the Enron story, covering his personal experiences working at the company as well as the experiences of several unnamed associates. [2] [3] [4] Released by Avalon Publishing in the United States and by Random House in Europe, it was the first major non-fiction work written about the Enron scandal.