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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.
The economics of the Enron scandal have been a target of the "two cows" joke, often describing the accounting fraud that took place in Enron's finances. Much of the beginning of the joke when used to describe Enron resembles the following: Enronism: You have two cows. You sell three of them to your publicly listed company, using letters of ...
It’s the comeback story no one asked for — the resurrection of a brand so toxic it remains synonymous with corporate fraud more than two decades after it collapsed in bankruptcy. That’s ...
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 ...
Better dead than Red – anti-Communist slogan; Black is beautiful – political slogan of a cultural movement that began in the 1960s by African Americans; Black Lives Matter – decentralized social movement that began in 2013 following the acquittal of George Zimmerman in the shooting death of African American teen Trayvon Martin; popularized in the United States following 2014 protests in ...
This word is shared with British English. Course [18] — Academic degree. Shared with British English partly due to the Spanish word curso and its borrowed form in many Philippine languages. Cutex [10] — Nail polish. Genericized from a popular brand of nail polish currently owned by Revlon. Dean's lister [39] — A person awarded a dean's list
Based on the first-person book by Brian Cruver, Anatomy of Greed, The Crooked E television movie chronicles the rise and fall of the Houston-based Enron Corporation. The film offers the perspective of Cruver, played by Christian Kane, depicted as a brilliant but naïve young salesman who was seduced by the company's "get rich quick" mantra.