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The Controversy: A Brief History Of Enron

The Controversy: A Brief History Of Enron

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Enron, founded in 1985, due to the merge of two major gas pipeline companies, Houston Natural Gas and IterNorth, which was an Omaha based company (Ferrell, Fraedrich, & Ferrell, 2013). Ken Lay was the CEO of Houston Natural Gas, became Enron’s CEO and chairman within the next year that Enron was founded. Enron provided products and services that were related to electricity, natural gas, as well as communications for retailers as well as wholesalers. During the 90’s, Mr. Lay, along with Mr. Skilling, and Mr. Fastow changed the game, by making the basic electricity and gas business into a 150 billion dollar company. With the growing in Enron’s revenue, it was ranked number seven on the Fortune 500 (Ferrell, Fraedrich, & Ferrell, 2013).
In reviewing

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