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These are just a few cases that led to the failure of the "World's Leading Company."
In 1985 Houston Natural Gas merged with InterNorth, of Omaha, Neb., to form Enron and Ken Lay was named chief executive officer. The company was basically a producer of natural gas and had control over enormous reserves throughout the oil belt. The Valhalla trading scandal was the beginning of the end for Enron. Enron acquired the Valhalla trading group through the merger. Valhalla did not produce oil, but bought and sold oil futures. It bought oil long if it thought the market would rise and short if it thought oil prices would fall (2)...
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Common topics in this essay:
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