Add Papers Marked0
Paper checked off!

Marked works

Viewed0

Viewed works

Shopping Cart0
Paper added to shopping cart!

Shopping Cart

Register Now

eKönyvtár library
FAQ
 

Great deal: today with a discount!

Regular price:
1 031 Ft
You save:
124 Ft
Discounted price*:
907 Ft
Purchase
Add to Wish List
ID number:840450
Evaluation:
Published: 03.01.2004.
Language: English
Level: Secondary school
Literature: n/a
References: Not used
Extract

The collapse of the Enron Corporation had a huge impact on various people and institutions. Thousands of Enron employees were left unemployed. Enron had encouraged employees to invest in the company and matched their 401(k) contributions with company stock prior to the final stock plunge. Billions of dollars in stock value were erased. The stock has been delisted from the New York Stock Exchange. The majority of these employees and retirees were left with next to nothing in their accounts. Two of Enron's biggest lenders were J.P. Morgan Chase and Citigroup both recorded hundreds of millions of dollars in Enron-related losses. But banks and regulators said the overall impact was minimal, because no one bank is overinvested in Enron. Even politicians were effected by the collapse of Enron. Several prominent politicians from both parties returned Enron contribution money to the company or contributed it to charity. Others have been asked about their relationships with Enron.
There were a lot of bad decisions that ultimately led to the collapse of Enron, certainly "creative accounting" had a huge impact on the company. But when combined with an overly competitive environment and a system that fed egotism and greed, it made for a very destructive combination. …

Author's comment
Work pack:
GREAT DEAL buying in a pack your savings −1 305 Ft
Work pack Nr. 1276733
Load more similar papers

Send to email

Your name:

Enter an email address where the link will be sent:

Hi!
{Your name} suggests you to check out this eKönyvtár paper on „The Enron Scandal”.

Link to paper:
https://eng.ekonyvtar.eu/w/840450

Send

Email has been sent

Choose Authorization Method

Email & Password

Email & Password

Wrong e-mail adress or password!
Log In

Forgot your password?

Facebook

Not registered yet?

Register and redeem free papers!

To receive free papers from eKönyvtár.com it is necessary to register. It's quick and will only take a few seconds.

If you have already registered, simply to access the free content.

Cancel Register