Enron and what went wrong,the accounting, the ceo's, and the retirement plans of thousands

Enron

Imagine having exclusively your money for your retirement plan gone,

your money for vacations and grandchildren all gone. You aspect itd never

happen, but it did, and how your top executives are making despatch with millions

as your company goes bankrupt. Did executives and accountants destroy

Enron?

Enron with 21,000 employees and international offices more or less

the globe was the seventh largest company in America. It grew to power by

selling gas and electricity to homes and businesses in the U.S. . After acquire a

water company in England it began its international section. It seemed as if

Enron was going to be huge but they had other interests than retributive energy. In

2000 Enron opened up a new sector of the company called EBS (Enron

Broadband Services). in spite of appearance the time of one year Enron spent 100 million

dollars get thousands of miles of cable across the country and buying

rights to thousands more. Many people thought that they (Enron) had found

yet another gold mine. But behind all the raves and critics, handicraft never

really took off. Also many senior advisors for Enron said that Enron

Broadband Services was just a huge out of control spending scheme. Though

Enron seemed to be tricking many in the broadband services they didnt

really fool around with tricking people in water or electricity they in a way

knew that people needed those items to survive.

The Scheme

Early in the nities many employees and investors saw

theyre tenuous investments rise from 5,000 dollars to 2.5 million. A huge

increase and it seemed, the future was bright for all of Enron investors.

Many stockholders invested more money thinking that they too would soon

see results that fitted their needs. But they soon realised that not only would

they lose their job, but also...

A lot has changed since this clause was written making it out of date (unless its been used for diachronic purposes). However, it was well written and the author showed a thorough delay of the subject matter.

Definitely could be developed..does not do justice to its topic...


Also...this really is a CASE STUDY...not ACCOUNTING...


POOR JOB.

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