Search results
Results From The WOW.Com Content Network
Enron Corporation was an American energy, commodities, and services company based in Houston, Texas.It was founded by Kenneth Lay in 1985 as a merger between Lay's Houston Natural Gas and InterNorth, both relatively small regional companies at the time of the merger.
Kenneth Lee Lay (April 15, 1942 – July 5, 2006) was an American businessman and political donor who was the founder, chief executive officer and chairman of Enron.He was heavily involved in Enron's accounting scandal that unraveled in 2001 into the largest bankruptcy ever to that date.
An Enron manual of ethics from July 2000, about a year before the company collapsed. Enron's complex financial statements were confusing to shareholders and analysts. [1]: 6 [10] When speculative business ventures proved disastrous, it used unethical practices to use accounting limitations to misrepresent earnings and modify the balance sheet to indicate favorable performance.
Enron founder and Chairman Kenneth Lay was also convicted, but he died of a heart attack weeks later, while former Enron Chief Financial Officer Andy Fastow was released after about five years in ...
Enron: The Smartest Guys in the Room is a 2005 American documentary film based on the best-selling 2003 book of the same name by Fortune reporters Bethany McLean and Peter Elkind, who are credited as writers of the film alongside the director, Alex Gibney.
Enron, for those who don't recall, was a Houston-based energy trading. Six years into a 24-year stretch in the Big House, ex-Enron CEO Jeffrey Skilling may be getting an early release -- let out ...
Enron founder Ken Lay’s convictions were vacated after he died of heart disease following his 2006 trial. Is Enron coming back? On Monday — the 23rd anniversary of the bankruptcy filing — a ...
He was CEO of Enron subsidiaries Enron Energy Services [5] and Enron Xcelerator, a venture capital division. [2] He left Enron with over $250 million. Pai was the second-largest land owner in Colorado after he purchased the 77,500-acre (314 km 2) Taylor Ranch [6] for $23 million in 1999, [7] though he sold the property in June 2004 for $60 ...