Enron
In a matter of simply 15 years, Enron, from being close to a non-entity, expanded to being the seventh largest company of the country with a staff of more than 21,000 people and with offices in more than 40 countries. But lies, shady dealings and blatant deception were the inside story at Enron and when the scandal broke out in 2002, it shook the very foundation of the U.S. economy. It was in the fall of 2001, specifically December 2, when Enron declared bankruptcy. The story of this high-profile corporation rocked America as different versions of the misbehavior of executives at the top and crushing of the victims at the bottom circulated across the nation. This fall was no ordinary fall – it was a collapse which had as its root causes not just massive failures by its management, board and outside advisers, but also ‘self-enrichment’ by number of employees who were following a culture which, according to an internal company report, found nothing wrong with pushing the limits......
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