Buy custom downfall of major corporations
Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1174 |
Essay's paper body
Their company
even had their own set of ethics which soon just turns out to be a bunch of words no one
listens to.( Enron Code of Ethics)
But even such a superpower house company had flaws, in 2002 the company went
bankrupt, the largest bankruptcy every filed in America. (The great Enron disappearing act:
who is responsible for the biggest business scandal in a generation? Where did all the money
go? Everyone from the public to Congress wants answers)...
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You may wonder how a company
that was doing $100 billion a year trading contracts around the world went sour. They started
entering into derivatives, which are high risk contracts that allow an investor the right to buy or sell
something in the future for a fixed price. But too often Enron would guess wrong and lost
tons of money, so they fixed up subsidiary company's (company's under a parent(Enron)
company) to hide their poorly performing assets...
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downfall of major corporations
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