Enron+-+An+Overview

Enron was a energy company that was based in Houston, Texas. Enron had companies involving electricity, natural gas, communications, and also in pulp and paper products. Enron was named America’s most innovative company 6 years in a row by Fortune. In 2001 Enron claimed total revenue of 101 billion dollars. At the end of 2001 it was revealed that Enron's financial statements were creatively planned to show that the company was making a profit every year, and sometimes were showing the company making a bigger profit then they had actually taken in. Enron also had employees and executives that were taking money from the company and skimming money off the top. Enron was struggling so they decided to creatively make their financial statements so that they were making a profit. Along with their growing profit and the media coverage of the company many people invested in Enron, once it was discovered that Enron had committed corporate fraud; analysts said that all shareholders should sell all of their shares for any possible price. In November of 2004 Enron came out of bankruptcy and tried to reestablish itself as a company and reorganize. On September 7, 2006 Enron sold its last remaining company Prisma Energy International Inc.

Jake Radtke

