![]() ![]() Skilling left Enron because he knew everything was coming to an end. On August 14th 2001 Jeff Skilling announced he was stepping down as CEO of Enron and resigned suddenly and assured Enron’s employees and investors that Enron was in excellent shape and that his reason for leaving was strictly personal. West coast traders made 2 billion dollars for Enron and Enron’s unethical behavior caused the state of California 30 billion dollars. Enron’s traders exported power out of the state of California, when prices soared they brought it back in by cutting down the power plants and created artificial power shortages. In 2000 Enron ran out of ways to show they where making money. Enron’s biggest lie was the energy trading business which was driven by greed. Several people placed their 401k’s into Enron, believing that the stocks where rising but the company was losing money. The company fixated on stock price saying profits where soaring, but in realty profits weren’t doing well. The Enron scandal was a financial scandal which involved three key players Jeff Skilling, Kin lay, and Andrew Fastow who took extensive measures to cheat the system and break the law. The Enron Movie discusses the corporate culture of Enron and their ethical behavior which lead to the largest corporate bankruptcy. ![]()
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