Enron
Enron was one of America’s biggest companies. They were a natural gas pipeline company. They had a lot of money in stocks and were doing very well by increasing by 50%. Then it had got worse from hidden deals that the company was doing behind the scenes. This had caused the company to fall to bankruptcy. Witch at the end collapsed the business. Maybe, then, it was the Lord’s work Enron was doing as it pushed electricity deregulation through the 1990s, and transformed itself from a gas pipeline company into an energy trader designed to provide choices and maximize profits in the freewheeling aftermath. After all, what better sign of the Almighty’s favor could there be than Lay’s compensation for the year of Our Deregulated Lord 2000: $141.6 million, a full 184 percent increase over 1999. Blessed indeed are the market makers! “We’re on the side of angels,” the company’s former CEO Jeff Skilling told Business Week a little while ago. “In every business we’ve been in, we’re the good guys.”
Fortunately for the rest of us, though, Enron didn’t inherit the earth. The company may have promised to deliver greater “transparency” to energy markets, but upon inspection its own affairs turned out to be a tangled mess of lies, nepotism and exaggeration that included the overstatement of profits by some $586 million — a revelation that caused panic among investors and a catastrophic collapse for the mighty