Enron was a leader in the natural gases business. no(prenominal) to large agone they were tightfitting the top of their industry, as their armoury determine was a soaring 90. But that has completely now pinched into a little number, with too some(prenominal) zeros coming aft(prenominal) the decimal. The participation has been forbidden from the New York Stock Exchange, and is b bely survive to be a stock. Why has an energy colossus travel they demeanor it has? Â Â Â Â Â Â Â Â Enron was at top of their game in rattling(a) of 2000. Their stock price was everyplace $90 per sh ar, and they wear charging along. most a couple months later, Enron starts toi move into trouble. Their CEO resigns and states that it was personal reasons. They atomic number 18 having trouble woth their partners, as they grade Enron is over pricing their products and double-dealing us. concisely to come was that Enron posts great(p) quarter loses on October 15, 2001. They atomic number 18 supportered by Chevron who injected 1.5 million dollars to the aid of Enron. That did not stand by because by December 2, 2001, Enron accommodate Chapter 11 bankrupcy and they fire 4,000 employees the adjacent day. From then on, it had been a freefall for Enron. Â Â Â Â Â Â Â Â The NYSE, on January 15, 2002, halt all hire out of Enron, which stock price was way below $10, and eventualy delsit then from they NYSE.
soon after, the company decliones in stock price to be congruous less than a dime. Is this the biggest filth in our history? no. Simply because real plurality with real money who had energy to do with Enrons problems lost money. Â Â Â Â Â Â Â Â after all the hype to the highest spot the company going sour, multitude started to investigate. They soon found nonexistent that all the board members of the company had sold all their stock, near when the price of Enron was at the top. They had told their employees to continue their stocks, If you want to get a full essay, order it on our website:
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