enron

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Title: enron

Essay Details:

Subject: Business

Author: Gregory G

Date: September 10, 2015

Level: University

Grade: A

Length: 4 / 934

Essay text:

How can a multinational corporation with steadily increasing revenue take such a drastic fall into bankruptcy and how did no one see this coming? In the end Enron knew exactly what was in their future and hid it from the public by allocating their debt and with a loophole in their accounting, it turned out to be one of the biggest cover ups in the stock markets history. In 1985 Houston Natural Gas merged with InterNorth, which became what we now know as Enron. In the following years they had become one of the world’s largest natural gas merchant’s and eventually branched out to coal and steel...

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