Enron

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Title: Enron

Essay Details:

Subject: Business

Author: Ryan P

Date: May 26, 2013

Level: University

Grade: A

Length: 2 / 488

Essay text:

It was alleged that there were illegal transactions and partnerships which covered a growing debt problem within the company. The executives of Enron were able to keep this situation hidden from the stakeholders for a long time, when the situation became public knowledge; it was too late to avert the crisis which later developed. It has been stated that the CEO of the company was warned by an executive of the company, of impending financial problems which were based on accounting irregularities. In 2001 it was discovered that the company was worth $1.2 billion less than was previously reported, this difference was the result of inflated estimates of income and the under reporting of debts...

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