Enron

In 2001 when Enron filed for bankruptcy, many people asked how it had taken the ignominious thoroughfare of corporate insolvency. After all, Enron was viewed by many as a pioneering 21st century corporation. A self professed innovative and fanciful idea machine that would revolutionize corporate America. Anyone who has studied the recital and the corporate culture of America at the time, however, will gather that there is enough of the proverbial blame pie to go around, from accountants and production line analysts to government officials to Enron executives. Enron could not have achieved its rise and precipitous take root without the aid of a number of institutions and individuals believing the hype, or bit a blind eye for profits, or who where just jut out guilty of complicity to fraud. The Enron story truely begins with its first CEO, Kenneth Lay. Ken had the aspiration and the drive to make Enron a major natural blow out corporation, which he did. Kne had a coctorate degree in economics and held a general laissez faire attitude towards business. He also had many grave political connections. He mute the necessity of polical connections. He understood the necessity of political campaign contributions to get things done in Washington.

All of these factors contributed to Ken Lay campaigning so cleverly for deregulations of the energy market. He felt with deregulation, he could make Enron a leading p planter in the energy industry. When George W. Bush became president, lay was instrumental in the deregulation of the energy market acquire passed. Lay had political aspirations however, and when Bush took office, the day to day operations were handed over to Jeff Skilling, so that lay could work on obtaining a political post and fight for deregulation. Jeff Skilling held an MBA from Harvard and was every bit, if not more, ambitious as Lay. Skilling really had some innovative ideas and believed that the real money was not in owning power plants and pipelines, but in... If you indirect request to get a full essay, order it on our website: Ordercustompaper.com

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