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Ethics and Enron
Essay specific features
Written by:
Gordon S
Date added:
March 1, 2012
Level:
University
Grade:
A
No of pages / words:
7 / 1944
Was viewed:
1178 times
Rating of current essay:
Essay content:
Buyers of energy also benefited because Enron could ensure the supply of energy. In 2000 Enron was listed number five on the Fortune 500. What happened to the company which was among the most admired for vision and quality thinking? Enron was the company that held virtual assets and not the real assets, such as power stations, which were capital incentive with low returns and ongoing debt...
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The main reason was the Special purpose entities. As per law a company can create SPE for a particular purpose. The debt of the SPE is carried on the books of the creating company. However, it could be transferred to the SPE if an independent third party purchased a minimum of a 3 percent interest in the SPE...
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