Business
Once ranked the seventh largest company in the world, energy trading giant Enron filed for bankruptcy in 2001 after investigators discovered illegal schemes by some of its executives to inflate profits and enrich themselves at the expense of shareholders and employees. Enron's CFO Andrew Fastow drew a 10-year prison sentence. Enron may be the poster child for corporate corruption, but it's far from alone in a modern maelstrom of malfeasance. Others indicted or convicted include bosses at Tyco International, Adelphia Communications, Martha Stewart Living Omnimedia, WorldCom and HealthSouth.
Why did Enron crash? How did a company almost universally perceived as one of the best run, most innovative, most profitable operations in the world collapse so suddenly? It's a question that has almost as many answers as there are jail terms for the executives.
The most popular answer explaining Enron's demise is that it wasn't actually making money -- that it was all a lie, that a combination......
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