Enron’s Demise ~ Where There Warning Signs?
Case Study Analysis ~ Enron’s Demise ~ Where There Warning Signs?
Janise Baldwin
Management Decision Making-Summer 2013
C. Forest Guest
July 14, 2013
Executive Summary
Enron is a company which headquarters is located in Houston, Texas. Enron was first headed by Samuel F. Segnar. Enron was the result of InterNorth’s acquisition of Houston Natural Gas in 1985. Under the new terms of this acquisition, the company was headed by Kenneth Lay on the first day of 1997. Enron offered employment for 20,600 employees in four major segments over the U.S., South America. Asia, and Europe. It operates in four segments which include transportation and distribution, whole sale service, retail energy services, and broadband services.
I have determined that Enron could have been a great success legitimately with the talent that it possessed but instead they used their talents to deceive. I find that Enron is being successful at reorganizing themselves in order to pay off their debts to society and other businesses. I also find that the best thing that Enron could ever do for their image is to continue with the plans to cease to exist due to the inability to bounce back from the horrible taste they have left in the mouths of society and the corporate world along with all its customers.
Enron’s mission was to stay the world largest energy company in the world. Since their bankruptcy Enron came up with a new strategy and a new name (Enron Creditors Recovery Corp). Now its sole mission is to reorganize and liquidate the remaining operations and assets of Enron.
ECRC has successfully undertaken legal action to hold responsible the major financial institutions that it contends assisted the pre-bankruptcy Enron deceive the public. Once ECRC has completed all outstanding litigation and monetized all assets, it will make a final distribution to creditors. After that, the company will cease to exist.
Company’s History and Growth
Enron is a company which headquarters is
Janise Baldwin
Management Decision Making-Summer 2013
C. Forest Guest
July 14, 2013
Executive Summary
Enron is a company which headquarters is located in Houston, Texas. Enron was first headed by Samuel F. Segnar. Enron was the result of InterNorth’s acquisition of Houston Natural Gas in 1985. Under the new terms of this acquisition, the company was headed by Kenneth Lay on the first day of 1997. Enron offered employment for 20,600 employees in four major segments over the U.S., South America. Asia, and Europe. It operates in four segments which include transportation and distribution, whole sale service, retail energy services, and broadband services.
I have determined that Enron could have been a great success legitimately with the talent that it possessed but instead they used their talents to deceive. I find that Enron is being successful at reorganizing themselves in order to pay off their debts to society and other businesses. I also find that the best thing that Enron could ever do for their image is to continue with the plans to cease to exist due to the inability to bounce back from the horrible taste they have left in the mouths of society and the corporate world along with all its customers.
Enron’s mission was to stay the world largest energy company in the world. Since their bankruptcy Enron came up with a new strategy and a new name (Enron Creditors Recovery Corp). Now its sole mission is to reorganize and liquidate the remaining operations and assets of Enron.
ECRC has successfully undertaken legal action to hold responsible the major financial institutions that it contends assisted the pre-bankruptcy Enron deceive the public. Once ECRC has completed all outstanding litigation and monetized all assets, it will make a final distribution to creditors. After that, the company will cease to exist.
Company’s History and Growth
Enron is a company which headquarters is