Enron History

Enron was created by a merge between Houston Natural fluid and Internorth. Houstons Natural Gass CEO Kenneth Lay headed the merger of the deuce companies. Kenneth Lay became the CEO of Enron. Enron was originally solely involved with the dispersion and transmission of electricity and gas in the United States. In the merger, Enron incurred a large amount of debt, and as a expiration of deregulation, no longer had exclusive rights to its pipelines. The company had to find a way to generate profits and cash flow. Kenneth Lay engage Jeffrey Skilling to institute for Enron as an accountant. Skilling suggested the practice of buying gas from a network of suppliers and selling it to consumers at a fixed monetary value with a contract. Enron was interested in the expansion, edifice, and act of pipelines, power plants, and new(prenominal) infrastructure worldwide. After just a year of operation Enron merged with a company called Spectrum Seven, a company whose chairperson and CEO is the former president of the United States, George W. Bush. In 1999, Enron try to expand their company by creating the Azurix Corporation, a water utility(prenominal) company. Overall the Azurix Corporation proved unsuccessful financially. The Azurix Corporation, due to their trial to make an entrance into the market, went under.

By 2001, Enron announced plans to dissemble Azurix and put away the assets of the corporation. Enron allegedly became successful, trading over eight hundred assorted products worldwide. Enron was named Americas Most Innovative Company by event magazine from 1996 to 2001. Enron was on Fortunes 100 Best Companies to work for In America in 2000. The companys future appeared to be bright and promising continued success. Enron faced many accusations of building links to political power. The companys connection to George W. Bush, and Houstons local political relation has received much attention in the recent past. In 1986, Enron was involved with Bushs company in joint cut for oil. There are... If you want to get a full essay, commit it on our website: Ordercustompaper.com

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