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Finance and Accounting : Corporate Financial Scandals - Research Paper Example

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Author : pat49
Research Paper
Finance & Accounting
Pages 11 (2761 words)

Summary

<p>Everything about Enron seemed larger than life. From its glittering Houston head quarter reaching to the sky to its spectacular downfall. But Enron’s collapse was more than just a shattering of one American success story. Enron was the climax of an avalanche of American companies that cost investors as much as 200 billion dollars by issuing deceptive financial reports…

Extract of sample
Finance and Accounting : Corporate Financial Scandals

At a point Enron was one of the seventh largest corporations in The United States. Enron was a shining star on Wall Street, and from 1996 to the early 2000’s it was named America’s “Best Managed and Most Innovative Company” by Fortune Magazine. The scandal was revealed in October 2001 and lead to the bankruptcy of Enron Corporation; which sent...

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