분야
pptx2.Reasons of Enron Scandal
3.Impact and improvement
4.Lessons from Enron scandal
filed for bankruptcy in December 2001.
• Enron investors and retirees were left with
worthless stock.
• Enron was charged with securities fraud
(fraudulent manipulation of publicly reported
financial results, lying to SEC,…)
• Enron was a Houston-based natural gas pipeline
company formed by merger in 1985.
• By early 2001, Enron had morphed into the
7th largest U.S. company, and the largest U.S.
buyer/seller of natural gas and electricity.
• Enron was heavily involved in energy brokering,
electronic energy trading, global commodity and
options trading, etc.
• On October 16, 2001, in the first major
public sign of trouble, Enron announces a
huge third-quarter loss of $618 million.
• On October 22, 2001, the Securities and
Exchange Commission (SEC) begins an
inquiry into Enron’s accounting practices.
• On December 2, 2001, Enron files for
bankruptcy.
① Occupation of Enron in the market was huge, and the many
companies, which were involved with derivatives,
could not but suffer big damage.
② Loss of trust in the market can cause immediate stock prices fall and business failure should keep in mind.
Transparency management, responsible business and the foundation of confidence by establishment of internal control system became The best Capital.
