Enron

Enron Kenneth Lay, the ex-CEO of Enron took a small natural gas company, and created a financial powerhouse. In just a little over 15 years, Enron grew into one of the US’s largest companies. It embraced new technologies, established new methods of trading in energy and seemed to be a shining example of successful corporate America. Kenneth Lay himself was awarded a place in the Texas Business Hall of Fame for his achievement of bringing the small company to where it stood. Many surveys showed Kenneth Lay as one of the top managers for the nation. His background of academic and government positions helped back his position as a dedicated leader. Disaster then struck the companies success was all smoke and mirrors created by artificially inflated profits, dubious accounting practices, and fraud. The company unraveled and came crashing down, resulting in thousands of people loosing their jobs and life savings that they invested in to the company. Enron was born in July of 1985 with a merger of Houston Natural and Omaha-based InterNorth. Kenneth Lay was elected as the chairman and chief executive of the company. Around the same time Washington began to lift company, enron, lay, kenneth, stock, dollars, began, over, energy, years, executives, business, within, took, small, profits, out, one, money, gas, executive, employees, bush, 2001, trading, time, success, skilling, share, saw, prices, partnerships, own, new, natural