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Written by:
Laurel R
Date added:
June 6, 2015
Level:
University
Grade:
A
No of pages / words:
6 / 1466
Was viewed:
7470 times
Rating of current essay:
Essay content:
The company's stock price peaked at $90 US. Enron Corporation was one of the largest global energy, services and commodities company. Before it filed bankruptcy under chapter 11, it sold natural gas and electricity, delivered energy and other commodities such as bandwidth internet connection, and provided risk management and financial services to the clients around the world...
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In October 2001, Enron reported a loss of $618 million — its first quarterly loss in four years. By late November, the company's stock was down to less than $1 US. Investors had lost billions of dollars. On Dec. 2, 2001, Enron filed for bankruptcy protection in the biggest case of bankruptcy in the United States up to that point...
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