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    Enron Corporation was an American energy company founded in 1985 that rose to prominence in the 1990s but collapsed in 2001 due to extensive accounting fraud. The document discusses how Enron used fraudulent accounting practices like hiding debt and inflating profits through mark-to-market accounting to misrepresent its financial health. When Enron filed for bankruptcy, the company's collapse devastated its employees, with many losing jobs and retirement savings. The Enron scandal underscores how unethical behavior and financial manipulation can bring down what was once a thriving company.

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    Enen Movie

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    Aura Guzman
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    Enron Corporation was an American energy company founded in 1985 that rose to prominence in the 1990s but collapsed in 2001 due to extensive accounting fraud. The document discusses how Enron used fraudulent accounting practices like hiding debt and inflating profits through mark-to-market accounting to misrepresent its financial health. When Enron filed for bankruptcy, the company's collapse devastated its employees, with many losing jobs and retirement savings. The Enron scandal underscores how unethical behavior and financial manipulation can bring down what was once a thriving company.

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    Enron Corporation was an American energy company founded in 1985 that rose to prominence in the 1990s but collapsed in 2001 due to extensive accounting fraud. The document discusses how Enron used fraudulent accounting practices like hiding debt and inflating profits through mark-to-market accounting to misrepresent its financial health. When Enron filed for bankruptcy, the company's collapse devastated its employees, with many losing jobs and retirement savings. The Enron scandal underscores how unethical behavior and financial manipulation can bring down what was once a thriving company.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Download as docx, pdf, or txt
    5 views3 pages

    Enen Movie

    Uploaded by

    Aura Guzman
    Enron Corporation was an American energy company founded in 1985 that rose to prominence in the 1990s but collapsed in 2001 due to extensive accounting fraud. The document discusses how Enron used fraudulent accounting practices like hiding debt and inflating profits through mark-to-market accounting to misrepresent its financial health. When Enron filed for bankruptcy, the company's collapse devastated its employees, with many losing jobs and retirement savings. The Enron scandal underscores how unethical behavior and financial manipulation can bring down what was once a thriving company.

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    Enron: Movie Essay

    Business Law 1 203

    Professor Elizabeth Pitts

    Enron: Movie Essay

    Aura Guzman

    09/28/2023
    Enron: Movie Essay

    Enron Corporation was an American energy company founded in 1985 by Kenneth Lay in Houston,

    Texas. Enron focused on the distribution of natural gas, but over time, it expanded its operations into

    various sectors, including energy trading, telecommunications, and even water distribution. The company

    quickly rose to prominence and was hailed as one of the most innovative and successful companies in the

    1990s. What I understand is Enron was and became one of the infamous for one of the most spectacular

    corporate fraud in the US history.

    One of the primary issue where financial manipulation, inflating profits, pressure on auditing firms. On

    the manipulation, Enron used accounting and special entities to hide billions of dollars in debt from

    several failed deals and projects. In the inflating profits, he used the “MARK-TO MARKET”-method it

    caused his income to increase tremendously. Enron created an illusion of financial health and

    profitability. The company itself employed aggressive accounting that allowed overstating profits and

    underestimating debt. I believe Enron misrepresented financial health in several ways. The crash of the

    company had a devastating Impact on its employees and many employees lost their jobs, majority of their

    savings and retirement money due to Enron filing for bankruptcy. The 28,500 workers were impacted in

    this scandal. In addition to other related corporate failures underscores the scale of tragedy. Enron's story

    serves as a stark reminder of how a once-thriving company can crumble due to a toxic combination of

    unethical behavior, financial manipulation, and disregard for the well-being of employees and

    stakeholders.
    Enron: Movie Essay

    References:

    Wikipedia- https://en.wikipedia.org/wiki/Enron:_The_Smartest_Guys_in_the_Room

    Director Alex Gibney https://www.imdb.com/title/tt1016268/

    https://www.bartleby.com/essay/Enron-The-Smartest-Guys-In-The-Room-F3CFH9LYTJ

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