Enron's Fall

In today’s society of dot com companies you see many organizations rise and fall everyday. It is not a big surprise to see e-commerce companies fall after only weeks, months, or even a few years. However when you see a tried and true steadfast company filing a Chapter 11 people are mystified. The company Enron was one of these pillar companies, whose financial demise shocked America in particular. The world and people in general were in awe to find out that this company was in fact filing for bankruptcy. People lost millions of dollars due to the drop in stock and were in disbelief. But where did the catastrophe start? Who is responsible for the collapse of a multi-million dollar a year company? There is no one person, or idea that collapsed Enron. There were many business practices that were ignored, accounting was done poorly, and there were poor managers in the middle ranks. These as well as poor managers and decision-makers at the top combined lead to the fall of Enron....