Enron: Meaning (information, definition, explanation, facts)

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The lawsuit against Enron's directors, following the scandal, was notable in that the directors settled the suit by paying very significant amounts of money personally. In addition, the scandal caused the dissolution of the Arthur Andersen accounting firm, which had effects on the wider business world, as described in more detail below.

Enron still exists as an asset-less shell corporation. It emerged from bankruptcy in November of 2004 after one of the biggest and most complex bankruptcy cases in U.S. history. On September 7 2006, Enron sold Prisma Energy International Inc., its last remaining significant business, to Ashmore Energy International Ltd. Following the final sale of Prisma to Ashmore, Enron retained ownership of a controlling share in a related asset, the Colombian gas pipline operator Promigas, until January 2007, when Ashmore Energy completed its acquisition of that business as well. According to the final restructuring plan submitted to bankruptcy court, Enron will be dissolved at the conclusion of the restructuring process.[1]

Translations

How to say "Enron" in other languages:

Chinese (Chinese) 安然公司
Japanese (Japanese) エンロン
German (German) Enron
Spanish (Spanish) Enron
French (French) Enron
Italian (Italian) Enron

J. Clifford Baxter

J. Clifford Baxter (September 27, 1958 - January 25, 2002) was a former Enron Corporation executive who resigned in May 2001. He sold a large quantity of Enron stock during months prior to Enron bankruptcy. Reportedly, Baxter clashed with CEO Jeffrey Skilling over questionable Enron business...

Chewco

Chewco was a company associated with Enron, which was largely involved in the bankruptcy of that company...

Pension fund losses with Enron

Some of the pension funds that lost money from investing in Enron stock. Florida state board of... endowment fund Idaho state employees retirement fund San Francisco pension fund Losses by Enron Employees Enron employees also lost pension money as a result of Enron's bankruptcy. Enron's 401(k) plan had...

Maureen Castaneda

Maureen Castaneda was former director of Enron Corporation’s foreign investments section. She was laid off from Enron and took a box of shredded paper home to use as packing material. After a.... The shredded documents were later used as evidence that Enron employees were illegally destroying...

Timeline of the Enron scandal

November 1, 2000 Enron CEO Kenneth Lay begins selling Enron shares. January 8, 2001 California governor Gray Davis calls Enron and other energy companies "out-of-state" profiteers" during the 2000 California energy crisis. January 20, 2001 The inauguration of George W. Bush is attended by Enron...

Kenneth Lay

Kenneth Lee Lay (born April 15, 1942) is an American businessman and former CEO of Enron Corporation. Lay was the CEO and chairman of Enron from 1986 until his resignation in January 23, 2002 except... of his Enron stock in September and October of 2001 as its price fell, while encouraging employees...

Jeffrey Skilling

Jeffrey Keith Skilling (born November 25, 1953) is a former CEO of Enron Corporation. Skilling... Investigation on February 19, 2004 in connection to the fraud charges against Enron and Skilling's successor in... other related crimes regarding the collapse of Enron. He pled not guilty to all of the charges. If...

Sherron Watkins

Sherron Watkins was Vice President of corporate development at Enron and is considered by many the whistleblower which helped to uncover the Enron scandal in 2001/2002. Some doubt this reputation because she just wrote a concerned letter to Enron CEO Kenneth Lay warning him of potential...

Southern Company

Southern Company is a US electricity corporation. In 1995, Southern bought the British South Western Electricity Board, this being the first purchase, by a US power corporation, of a foreign power corporation. See also: Enron Reliant TXU Horton, Jacob...

Enron Corporation

Enron Corporation is an energy trading and communications company based in Houston, Texas... procedures bordering on fraud involving it and its accounting firm Arthur Andersen, Enron stood at the...' equity per share in Enron during 2001 was from US$85 to 30 US cents. As Enron was considered a blue...

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