America’s 7th largest company. “Most Innovative Company” six years running. Then one analyst asked: “How exactly are you making money?” The CEO attacked him. Three months later, Enron filed bankruptcy. $74 billion in market value vanished. 20,000 employees lost everything. Their 401(k)s were frozen while executives sold $1 billion in stock. This is Enron—the fraud that rewrote accounting rules.
Browsing Tag
enron collapse
1 post