Studied by 2 people
Enron Scandal
Service company filed bankruptcy on December 2, 2001
Enron Scandal
25,000 employees lost jobs and investment
CEO Jeffery Skilling Chairman Kenneth Lay
Charged with conspiracy, securities fraud, and insider trading
Enron Scandal
Use Mark-to-Market accounting
Enron Scandal
2 billion dollars in pension savings and 1.2 in retirement funds lost
Sherron Watkins
VP , exposed fraudulent activities in 2001
Jeffery Skilling
CEO
Kenneth lay
Chairman of Enron
Note 
Flashcard (20)