Worldcom And Enron

Enron is one of the world’s largest energy and Services Company. It was formed in July 1985 in Houston Texas by the merger of Houston natural gas and Internorth of Omaha, Nebraska. They began as a natural gas company, delivering energy and other commodities. They also provided Financial and risk management services to customers worldwide. Enron quickly evolved from delivering energy to brokering energy futures as energy markets were deregulated. In 1994 they began marketing electricity and entered the European energy market in 1995. Enron came up with a plan to buy and sell high speed internet and then launched Enron Online, a web-based community trading site. In the year 2000 Enron reported revenues of $101 billion. They also have a stake in electricity operations around the world. WorldCom is a glob...