the rise and fall of enron

The Rise and Fall of Enron



When the word “Enron” comes to people’s minds all they can think about is words such as cheaters, fraud and con artists. It wasn’t always this way. Kenneth Lay started this company in the 1980’s when they merged two gas pipeline firms, the Houston Natural and InterNorth, which were natural gas companies. Kenneth then changed the name to Enron and provided both oil and natural gas. Stocks started at less than nine dollars a share. In 15 years Enron developed a company that was the 21st largest in the world, employing over 21,000 people all over the world. Stocks were as high as 90 dollars a share. With a half of America invested in the stock market, the economy was great. Money was being spent and earned. For Enron and Kenneth Lay things were great, but like everything all good things must come to an end.
For quite some time Enron had some concerns about the large amount of money they were investing into projects and not enough profits...