Enron Corporation

Enron Corporation used to be a trading and energy company based in Houston, Texas that employed around 21,000 people by mid-2001, before it went bankrupt.

Related Topics:
Houston, Texas - 2001 - Bankrupt

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Enron was one of the world?s leading electricity, natural gas and communications companies. The company, with revenues of $101 billion in 2000, markets electricity and natural gas, delivers physical commodities and financial and risk management services to customers around the world, and has developed an intelligent network platform to facilitate online business. Fortune magazine has named Enron ?America?s Most Innovative Company? for six consecutive years. Enron?s Internet address is www.enron.com. The stock was traded under the ticker symbol ?ENE.?

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Questionable accounting techniques allowed it to be listed as the seventh largest company in the United States, and it was expected to dominate the trading it had virtually invented in communications, power, and weather derivatives. Instead, it became the largest corporate failure in history, and became emblematic of institutionalized and well-planned corporate fraud.

Related Topics:
Accounting - United States - Weather derivatives

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Its European operations filed for bankruptcy on November 30, 2001, and it sought Chapter 11 protection in the U.S. on December 2.

Related Topics:
Europe - November 30 - 2001 - Chapter 11 - December 2

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