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ID number:956864
 
Evaluation:
Published: 28.04.2006.
Language: English
Level: Secondary school
Literature: n/a
References: Not used
Extract

It is being called the greatest business calamity in American history. Enron, the seventh largest Fortune 500 company in the nation, [1] disintegrated in a matter of days. Countless executives, employees, and retirees watched helplessly as their fortunes disappeared along with Enron.
Enron, a pipeline company in Houston, was founded in 1985. It profited by promising to deliver gas to utilities or businesses at a fair market price. That changed with the deregulation of electrical power markets. …

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