Enron Scandal

The Enron scandal deals with violating employment law and failure. Employment law protects suspender the employer and the employees rights and responsibilities. Part of the employers responsibilities is to oversee workplace deem and standards, fair wages, retirement and pensions. The fraud committed by Enron hugely affected the employees who had invested in what they believed to be secure company stock. These investments were do using their savings and 401k retirement funds. Because of the fraud, Enron was forced to file for nonstarter in December of 2001. Enron Corp. was one of the worlds largest vigour, commodities and work company. It marketed electricity and innate(p) bodge, delivered nada and other physical commodities, and provided financial and risk vigilance services to customers worldwide. Based in Houston, Texas, Enron was formed in July 1985 by the conjugation of Houston Natural Gas and InterNorth of Omaha, Nebraska. Initially a native plash pipe line company, Enron rapidly evolved from delivering power to brokering energy futures as energy markets were deregulated. The company began marketing electricity in 1994 and entered the European energy market in 1995.

In 1999, Enron launched a envision to spoil and sell access to high-speed Internet bandwidth, and it launched EnronOnline, a Web-based commodity trading site, making it an e-commerce company. The company reported revenues of $ one speed of light one billion in 2000. It has stakes in close 30,000 miles of gas pipeline, owns or has access to a 15,000-mile fiber centre communicate and has a stake in electricity generating operations virtually the world. The collap se of Enron, the largest bankruptcy in U.S. ! history, led to thousands of employees losing their action savings in 401(k) plans tied to the energy companys stock. The reputation of Andersen, Enrons auditing firm, is alter by and by company officials admitted that thousands of Enron documents were destroyed. Those events led to a flimflam of probes, including...If you want to stimulate a full essay, order it on our website: OrderEssay.net

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