Dilemma in the Workplace - The Enron Corporation. Includes background on the company, key problems and issues, who was affected, and evaluations and solutions. 3,010 words. Greatly detailed.

The Enron Corporation- Dilemma in the Workplace

The Enron Corporation (Enron) was once one of the worlds lead energy companies. In December 2001, Enron filed the largest corporate bankruptcy conduct in United States history. The collapse led to investigations of both Enron and Arthur Andersen, an accounting system firm employed by Enron. Investigators focused on charges that Enron intentionally concealed its financial problems, misled investors, and failed to pay income taxes.

Enron has taken a downward(prenominal) slide since January making their channel worthless today. With corrupt executives and the function of their auditing firm, they have been able to provide investors with false financial information, which gave them a false picture of the lodges true state of affairs. The collapse of Enron has do thousands of employees lose their life savings in 401k plans, and company stock holdings. Investors were defrauded out of billions of dollars and everyone is asking the questions, How did this happen, and can we prevent this from happening once again?

Company Background

In 1930, Northern inwrought Gas, a Nebraska-based assail pipeline company was founded. By 1950, the company had doubled in size. A ten later, it started processing and transporting natural gas liquids. The company was renamed InterNorth in 1980 and bought Belco crude oil three years later.



InterNorth also helped build the Northern boundary line Pipeline to link Canadian fields with the United States markets. (C-Span.com, 2002)

Houston Natural Gas (HNG) formed in 1925 as a confederation Texas natural gas distributor. The company started developing oil and gas properties in 1953. It bought Houston Pipe Line Company in 1956 and vale Gas Production in 1963. HNG sold its original dispersal properties to Entex in 1976. In 1984, HNG dealt with a hostile takeover taste by a competitor and, as a result, brought in a former Exxon executive as...

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