What are the details of the Enron scandal?

The story of Enron Corp. is the story of a company that reached dramatic heights, only to face a dizzying fall. Its collapse affected thousands of employees and shook Wall Street to its core. At Enron's peak, its shares were worth $90. read more

The details are vast. There have been documentaries that were unable to cover them all. The intrigue is how broad the fraud was. It included bankers, politicians (including the president), attorney general, auditors, and more. read more

The Enron scandal drew attention to accounting and corporate fraud, as its shareholders lost $74 billion in the four years leading up to its bankruptcy, and its employees lost billions in pension benefits. read more

And, as so often, the ensuing scandal risks focusing on the wrong issues. On Capitol Hill, much of the talk has been of the close links that Kenneth Lay, Enron's chairman, had with George Bush and other Texas Republicans. read more

The Enron scandal was a financial scandal that eventually led to the bankruptcy of the Enron Corporation, an American energy company based in Houston, Texas, and the de facto dissolution of Arthur Andersen, which was one of the five largest audit and accountancy partnerships in the world. read more