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Essay / Research Paper Abstract
This 6 page paper examines the Enron debacle and how the company could have been saved. The roles of key players like Lay and Fastow are examined. Recommendations are made. Bibliography lists 6 sources.
Page Count:
6 pages (~225 words per page)
File: RT13_SA410ENR.rtf
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Unformatted sample text from the term paper:
ventures will not be associated with the Enron name (Hays, 2004). Power plants and pipelines--the tangible Enron goods--are all that is left of this fallen company that is going
through a very complex Chapter 11 (2004). The Enron employees as well as the assets are likely to become part of two brand new firms that will "leave Enron and
its history of accounting chicanery behind" (2004, p.E5). Indeed, the parts of Enron will live on much like a human being who is killed but donates his body parts.
Enron is scattered all over the place but its legacy will not be forgotten. Few have not heard about what happened and it will go down in history as one
of the largest business scandals ever. While its assets are being divvied out, the essence of Enron will not exist and essentially, Enron is no more. In retrospect, what
might have been done to save the company from total ruin? It is a rather puzzling quest but one that can provide answers for the next time a company gets
too deep in hot water. Was there a time when the company could have made a rebound? What happened to Enron exactly? Enron, a publicly held company, was once
a top provider of electricity but ended up in Chapter 11 bankruptcy ("Enron," 2002). Prior to that, their rival power marketer Dynegy did agree to buy Enron (2002). However,
when speculation about shady accounting practices hit the media, stock prices plummeted and Dynegy quashed the deal (2002). Enrons collapse and subsequent suspicious activity such as document shredding had
created a situation where Congress launched an investigation (2002). Things became dismal fast. Not only was the company in trouble, but the fiasco created quite a poor image. The
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