In what segment did Enron start having operation difficulties? Was it not the segment when they had to file for bankrupt, because Dynegy pulled out of their deal?
Enron primarily faced operational difficulties in its energy trading and wholesale business segment, which was the core of the company's operations. Enron was involved in buying and selling electricity, natural gas, and other commodities.
To confirm if the segment in question was indeed the cause of Enron's bankruptcy due to Dynegy pulling out of their deal, we can follow these steps:
1. Start by researching Enron's history and financial troubles. Several reliable sources, such as news articles and financial reports, provide detailed information about Enron's collapse.
2. Look specifically for information about Enron's operational difficulties and the specific segment that faced the most significant challenges. Financial reports, news articles, and statements from executives or experts familiar with Enron's downfall can be helpful sources of information.
3. Identify the timeline of events leading up to Enron's bankruptcy. This can include the involvement of Dynegy, a rival energy trading company, and the collapse of their merger deal. Analyzing the sequence of events can help determine if the failed deal with Dynegy was a critical factor in Enron's downfall.
By conducting thorough research using reliable sources, you can form a definitive conclusion about the segment's role and the impact of Dynegy's withdrawal in contributing to Enron's bankruptcy.