Enron

Enron was a leader in the natural gases business. no(prenominal) to large past they were adjacent the top of their industry, as their dribble determine was a soaring 90. But that has all now pinched into a little number, with too many zeros coming aft(prenominal) the decimal. The alliance has been banned from the New York Stock Exchange, and is b bely survive to be a stock. Why has an energy giant travel they substance it has?         Enron was at top of their game in rattling(a) of 2000. Their stock price was all over $90 per sh ar, and they wear charging along. most a couple months later, Enron starts toi glide by into trouble. Their CEO resigns and states that it was personal reasons. They are having trouble woth their partners, as they phrase Enron is over pricing their products and duplicity us. concisely to come was that Enron posts unfit quarter loses on October 15, 2001. They are supportered by Chevron who injected 1.5 jillion dol lars to the aid of Enron. That did not help because by December 2, 2001, Enron file cabinet Chapter 11 bankrupcy and they fire 4,000 employees the adjacent day. From then on, it had been a freefall for Enron.         The NYSE, on January 15, 2002, halt all job of Enron, which stock price was way below $10, and eventualy delsit then from they NYSE.

Soon after, the company decliones in stock price to be worthy less than a dime. Is this the biggest shite in our history? No. Simply because real pile with real money who had zipper to do with Enrons problems lost money.          by and by all the hype to the highest degr! ee the company going sour, deal started to investigate. They soon found extinct that all the board members of the company had sold all their stock, near when the price of Enron was at the top. They had told their employees to support their stocks, If you want to get a full essay, order it on our website: OrderCustomPaper.com

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