Enron

Enron was a leader in the natural gases business. no(prenominal) to large ago they were adjacent the top of their industry, as their stock 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 company 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 way it has?         Enron was at top of their game in rattling(a) of 2000. Their stock price was over $90 per sh ar, and they wear charging along. most a couple months later, Enron starts toi fall into trouble. Their CEO resigns and states that it was personal reasons. They are having trouble woth their partners, as they say Enron is over pricing their products and duplicity us. concisely to come was that Enron posts BIG quarter loses on October 15, 2001. They are supportered by Chevron who injected 1.5 million dollars to the aid of Enron. That did not help because by December 2, 2001, Enron file 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 scandal in our history? No. Simply because real people with real money who had zipper to do with Enrons problems lost money.

        After all the hype to the highest degree the company going sour, people 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 keep their stocks,

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