The Fall of Enron

Running head: THE FALL OF ENRON The F alto bum abouther of Enron Shenay Drayton Strayer University professor Weddle May 4, 2011 1. Describe how Enron could engage been structured differently to vitiate such activities. I believe that the family showed poor estimable views of performance. When Enron merged in 1985 with Inter North to form the modern day Enron to build a interstate and intrastate inbred gas pipeline company with over 37,000 miles of pipeline. They had had great expectations to suppurate like any other company getting started. They grow their profit shares hitting an exceptional record high of $90 a share in the market. Becoming well know in the industry by eventually branching off into the trading commodities from water to coal to steel. They lost sight of their respectable views by allowing Jeff Skilling to become the new CEO of Enron, who then changed the views of the accounting methods with poor management skills. This allowed the company to fall quickly downhill. The come along should have stepped in and fired Ken Lay, Jeff Skillings and Andrew Fastow and maybe replaced them with Sherron Watkins who would have probably hired reasonable employees to fulfill the remaining positions.

scarce instead they continued to allow the CEO and CFO to pull in away with ideas and the companys money by non stepping in and trying to stop them from defrauding and damaging almost any major advisor within the company causing its of import downfall. 2. Discuss whether Enrons officers acted within the scope of their authority. Absolutely not. They bullied their positions and mistreat their authority by robbing the company blind. Jeff Skilling being the leader of the company was in charge of making serious decisions to help adjudge the company expand and grow by keeping all important in-person in check with the companys protocol. But instead he was in the company for personal gain only and his ideas was to make trustworthy advisors rich off of the companys profit. When you... If you want to get a full essay, order it on our website: Orderessay

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