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Essay

enron scandal

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Issue:

Social Issues

 

Written by:

Nancy M

 

Date added:

May 23, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

9 / 2509

 

Was viewed:

7501 times

 

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Essay content:

An attempt by a smaller energy company, Dynegy, was not feasible. Enron filed for bankruptcy on December 2, 2001. As the scandal was shown, Enron shares dropped from over $90.00 to just pennies. As Enron had been considered a blue chip stock, this was event came as a surprise to all and was an overall disaster in the financial world...
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Enron's downfall happened soon after it was revealed that the majority of its profits and revenues were the result of deals with special purpose entities (limited partnerships which it controlled). The result was that many of Enron's debts and the losses that it suffered were not reported in its financial statements...
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