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Ken Lay (Founder and CEO), Jeffrey Skilling (CEO) and Andy Fastow (CFO) put that Enron wasnt making money so what they did is implemented along with the boon of Arthur Andersen the upcoming value be. This impute of accounting was to predict the proximo advantage that Enron was departure to prepare ab bring out and list it as part of there future profit to the shareholders. This creative accounting lead to Fastow to create extraneous companies that were in a singe involved with Enron to hide the losings the companies made. These companies were named after Star Wars characters. As Enron announced big amount to Wall Street, people began to scourge the books notice of this companionship and started to largess shares of the companionship. Enron even encouraged their employees to procure shares of Enron and the price of Enron was going up to as high as $90. The craze of Enron stock was so huge within the company, they had a stock ticker caterpillar track throughout the company so employees could keep track of Enron stock. Enron executives were bullies to the investment companies. When a pecuniary consultant questioned their firms regarding Enron stock, Enron would pay the firm to larn rid of the employee. As Enron got bigger, the company was collecting more losses and hiding them well. Things were dismayting so unhealthful, Enron created the atomic number 20 Energy Crisis.

They would tell the utilities in the state to exclude round off their power, re-route the power to Texas where they can cope the power posterior at a higher rate, essentially screwing California out of billions of dollars (one reason why Arnold became Governor). Including the bad investments made in India (their architectural plan was to over charge the customers, tho didnt work because nada willing pay for it). Enron hit the outperform when their stock hit $90 and then things were starting to giving up apart. A writer at Forbes magazine called Enron telling them that she was going to release an oblige closely Enron and not releasing their financial statements. Enron executives flew to New York telling...If you indigence to get a full essay, ball club it on our website: Orderessay

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