What would have saved Enron and why?

If Ken Lay hadn't made Jeff Skilling CEO. The off balance sheet accounting was used by some of the largest companies. The problem was they skated too close to the edge and the trading business resulted in a “run on the bank”. read more

If Ken Lay hadn’t made Jeff Skilling CEO. The off balance sheet accounting was used by some of the largest companies. The problem was they skated too close to the edge and the trading business resulted in a “run on the bank”. read more

If the effective corporate code of conduct were in place and were properly enforced, Enron could have saved itself from this humiliation. There should have been a mechanism in place to keep an eye on the activities of the accounting firms like Arthur Andersen which approved Enron's fraudulent partnerships because of playing the dual role of the 'Auditor' and 'Consultant' to Enron. read more

H: Enron is a prominent example of a "new economy" company. Kenneth Lay and Jeffrey Skilling claimed that Enron was the most innovative company in the United States and at times tried to intimidate reporters or analysts who questioned their strategy. In the new economy, new kinds of companies have been created. read more

Back in the late 20th century, Houston-based Enron was a totally respectable, seemingly above-board energy conglomerate with tens of thousands of employees and a ten-figure market capitalization. Its C-level executives made millions of dollars per year in cash and stock compensation. read more