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Jan 31, 2002

Enron's endgame

Learn this lesson well or you could repeat it!

The mission statement of most major companies, at least until recession began to rear its head in the spring of 2001, can be pretty much summed up in three little words: Get Big Fast. And leading by example was Enron Corporation, one of the world's largest energy concerns. Formed in 1985 by the combination of Houston Natural Gas and Internorth Inc, Enron recorded $101 bn in revenues in 2000 and boasted assets of $67.3 bn. The company created its profits by buying and selling energy several

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