Business

Essay specific features

 

Issue:

History

 

Written by:

Doris V

 

Date added:

January 18, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 921

 

Was viewed:

3837 times

 

Rating of current essay:

 
Essay content:

Enron spent billions purchasing and building power plants all over the world that never earned out. It made an ambitious move into the water business that proved to be a financial disaster. It had no internal controls on expenses -- or even any clear idea of how much it was spending, or how much it owed, on a given day...
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It made an ambitious move into the water business that proved to be a financial disaster. It had no internal controls on expenses -- or even any clear idea of how much it was spending, or how much it owed, on a given day.From this perspective, Enron's collapse was inevitable -- the only mystery is how long it managed to pull the wool over everyone's eyes...
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