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In: Business and Management

Submitted By nilmehta
Words 1526
Pages 7
| A Report on Enron’s Fall – Case Study | Submitted to: Prof. Vivek Raina |

Submitted by: Kunal Bhaia (M00116), Vidhi Pitroda (M00143), Nirali Mehta (M00144) & Harsh Desai (M00148)

Table of Contents
1. Summary 3
2. Q-13
3. Q-25
4. Q-36
5. Conclusion6

1. Introduction
Enron was founded in 1985, and as one of the world's leading electricity, natural gas, communications and pulp and paper companies before it bankrupted in late 2001, its annual revenues rose from about $9 billion in 1995 to over $100 billion in 2000. Enron was the country's most innovative companies in the duration of 1990s. The company continued to build power plants and operate gas lines, but it became better known for its unique trading businesses. Besides buying and selling gas and electricity futures, it created whole new markets for such commodities like coal, water, electricity, gas etc...
At the end of 2001 it was revealed that its reported financial condition was sustained substantially by institutionalized, systematic, and creatively planned accounting fraud. According to Thomas (2002), the drop of Enron's stock price from $90 per share in mid-2000 to less than $1 per share at the end of 2001, caused shareholders to lose nearly $11 billion. And Enron revised its financial statement for the previous five years and found that there was $586million in losses. Enron fall to bankruptcy on December 2, 2001. During this fraud persons who were involved were CFO, Andrew Fastow, chairman of the board, Kenneth Lay, CEO, Jeffrey Skilling.

2. Q-1
What are the systemic, Corporate nd individual issues raised by this case ?
In the Enron fraud mainly involve persons are Andrew Fastow Enron and another one person is Arthur Anderson and then many other like jeff skilling and other.

In this case in terms of systemic...

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