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The firm then hired a consultant name Jeffrey Skilling who proposed a revolutionary solution. He wanted to create a “gas bank” which would buy gas from suppliers and sell it to consumers. This way Enron could control both supply and price. This was just the beginning; the company would go on to create more divisions of Enron. In late 2001, it would become one of the biggest company’s in America to ever file for bankruptcy. The company filed bankruptcy under the weight of an accounting scandal that hid billions of dollars in debt. After Enron filed for bankruptcy the share price would go into a deep landslide...
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