Accounting

posted by .

Which segment of its operations got Enron into difficulties? If it is not when they had file for bankruptcy because Dynegy pulled out of their deal; then it has to be from where they helped both father and son Bushs in their campaigns for presidentcies. I have went to all of the website about Enron and this is all I can come up with can someone please help me out and do not send me to another website?

  • Accounting -

    One could probably say "everything" Enron did contributed to the debacle. First of all, they gave a great many political contributions. Also, the deregulation held California ratepayers hostage, undermining banks and pension funds. Unethical and dishonest practices victimized workers, consumers, taxpayers and stockholders. Enron and other corporations created new financial instruments, called derivatives, which falsifies the accounting, making the company look good, instead of assuring that the figures are accurate and reliable. Enron's legal department wrote up contracts that were irrgular. The ruthless pursuit of profits, regardless of economic fundamentals. Actually there are so many lessons to be learned from Enron's excesses, that it is difficult to pin it down to one thing.

    Sra

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. physics

    A father racing his son has half the kinetic energy of the son, who has half the mass of the father. The father speeds up by 1 m/s and then has the same kinetic energy as the son. What are the original speeds a) of the father?
  2. acc

    I am having a hard time finding out the answer for this question. Can anyone help me please?
  3. accounting

    In what segment did Enron start having operation difficulties?
  4. Accounting

    In what segment did Enron start having operation difficulties?
  5. Accounting

    In what segment did Enron start having operation difficulties?
  6. accounting

    Did Enron’s directors understand how profits were being made in this segment?
  7. ACC260

    Which segment of its operations got Enron into difficulties?
  8. logic

    A son and his father take a daily walk up a hill. It is 1.5 km to the top of the hill. As the father gets older he can only walk half the speed of his son. So they start together but the father trails his son. The father reaches the …
  9. NEED HELP...how do i draw a visual for this ques?

    A son and his father take a daily walk up a hill. It is 1.5 km to the top of the hill. As the father gets older he can only walk half the speed of his son. So they start together but the father trails his son. The father reaches the …
  10. enron

    Which segment of its operations got Enron into difficulties?

More Similar Questions