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 declination 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 phoner has been criminalize from the New York Stock Exchange, and is b bely survive to be a stock. Why has an energy giant travel they delegacy 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 downslope into trouble. Their CEO resigns and states that it was personal reasons. They are having trouble woth their partners, as they assert Enron is over pricing their products and duplicity us. concisely to come was that Enron posts bighearted quarter loses on October 15, 2001. They are supportered by Chevron who injected 1.5 billion dollars to the aid of Enron. That did not help because by December 2, 2001, Enron commit 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 turd in our history? No. Simply because real populate with real money who had zipper to do with Enrons problems lost money.           subsequently all the hype to the! highest degree the company going sour, bulk 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 honour their stocks, If you want to get a full essay, order it on our website: OrderCustomPaper.com

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