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Essay

Effects of Enron

Essay specific features

 

Issue:

Social Issues

 

Written by:

Linda S

 

Date added:

December 1, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

20 / 5462

 

Was viewed:

7597 times

 

Rating of current essay:

 
Essay content:

So, for a while, hardly anyone did. Many kept on buying the stock, the corporate mantra and the dream. In the meantime, the company made many high-risk deals, some of which were outside the company's typical asset risk control process. Many went sour in the early months of 2001 as Enron's stock price and debt rating imploded because of loss of investor and creditor trust...
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Methods the company used to disclose its complicated financial dealings were all wrong and downright deceptive. The company's lack of accuracy in reporting its financial affairs, followed by financial restatements disclosing billions of dollars of omitted liabilities and losses, contributed to its downfall...
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