Enron Scandal

The Enron scandal deals with violating employment law and failure. Employment law protects twain the employer and the employees rights and responsibilities. Part of the employers responsibilities is to oversee workplace guard and standards, fair wages, retirement and pensions. The fraud committed by Enron enormously affected the employees who had invested in what they believed to be secure company stock. These investments were do using their savings and 401k retirement funds. Because of the fraud, Enron was forced to file for bankruptcy in December of 2001.
Enron Corp. was one of the worlds largest energy, commodities and services company. It marketed electricity and innate(p) bodge, delivered energy and other physical commodities, and provided financial and risk vigilance services to customers worldwide.
Based in Houston, Texas, Enron was formed in July 1985 by the merger of Houston Natural Gas and InterNorth of Omaha, Nebraska. Initially a native gas pipeline company, Enron rapidly evolved from delivering energy to brokering energy futures as energy markets were deregulated. The company began marketing electricity in 1994 and entered the European energy market in 1995.




In 1999, Enron launched a envision to buy and sell access to high-speed Internet bandwidth, and it launched EnronOnline, a Web-based commodity trading site, making it an e-commerce company. The company reported revenues of $ one hundred one billion in 2000. It has stakes in nearly 30,000 miles of gas pipeline, owns or has access to a 15,000-mile fiber optic communicate and has a stake in electricity generating operations virtually the world.
The collapse of Enron, the largest bankruptcy in U.S. history, led to thousands of employees losing their life savings in 401(k) plans tied to the energy companys stock. The reputation of Andersen, Enrons auditing firm, is damaged by and by company officials admitted that thousands of Enron documents were destroyed. Those events led to a flurry of probes, including...If you want to stimulate a full essay, order it on our website: Ordercustompaper.com



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