It is being called the greatest business calamity in American history. Enron, the seventh largest Fortune 500 company in the nation, [1] disintegrated in a matter of days. Countless executives, employees, and retirees watched helplessly as their fortunes disappeared along with Enron. Enron, a pipeline company in Houston, was founded in 1985. It profited by promising to deliver gas to utilities or businesses at a fair market price. That changed with the deregulation of electrical power markets. Under …
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showed last 75 words of 1294 total
…Who We Are (2001). Retrieved February 22, 2002 from WWW.enron.com [4] The Times Herald-Record (December 2001). Enron Debacle a Lesson in Non-Ethics. Cunningham, Douglas. Retrieved on February 23, 2002 from http://www.recordonline.com/archive/2001/12/03/dc1203.htm [5] Institute for Global Ethics (2002). Ethics at Enron. Kidder, Rushworth M. Retrieved on February 25,2002 from http://www.globalethics.org/newsline/members/currentissue.tmpl?id=01210218015717 [6] Crane Communications, Inc. Steps CEOs and Marketers Must Take Post-Enron (February 2002). Booker, Ellis. Retrieved February 26, 2002 from RDS Business Reference Suite