Enron Essay
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Title: Enron Essay

Essay Details:

Subject: Miscellaneous
Author: Gail S
Date: June 4, 2016
Level: University
Grade: A
Length: 6 / 1727

Essay text:

They moved to trading derivatives ? in 2000, Enron's derivatives-related assets increased from $2.2 billion to $12 billion. They had deals in areas such as weather derivatives, water services, metal trading, broadband supply and power plant. Soon enough, Enron had more contracts than any of its competitors and could predict future prices with great accuracy. Enron seemed to always have steady, high profits. Behind the scenes, however, there was much more to it. Starting with the Vahalla scandal, the board learned that Louis Borget and Tom Mastroeni were gambling beyond their limits, destroying trading reports, keeping two sets of books and manipulating accounting in order to give the appearance that Vahalla was earning steady profits...

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