Enron Scandal

Finance

The most prominent Enron executives were Kenneth Lay, the chairman and CEO; Jeffrey Skilling, the CEO from 2001 and former president; Andrew Fastow, the CFO; and Sherron Watkins...

Finance

Kenneth Lee Lay founded Enron in 1985 by merging Houston Natural Gas and InterNorth. He served as chairman and chief executive officer, steering the company from a regional util...

Finance

The Enron collapse stemmed from widespread accounting fraud, aggressive risk-taking, and a corporate culture that prioritized stock price over transparency. Executives used spec...

Finance

Enron used mark-to-market accounting to record projected future profits from long-term contracts immediately, inflating earnings. The company created special purpose entities, o...

Finance

Kenneth Lee Lay founded Enron in 1985 through a merger of Houston Natural Gas and InterNorth, serving as chairman and CEO while shaping the company into a global energy trading...

Finance

Bethany McLean is a veteran financial journalist and author who co-wrote the 2003 Fortune article "Is Enron Overpriced?" and later the book "The Smartest Guys in the Room." Her...

Finance

The Enron crash was triggered by widespread accounting fraud, off-balance-sheet special purpose entities, and inflated earnings reports that masked massive debt. Executives used...

Finance

Andrew Fastow served as the Chief Financial Officer of Enron from 1998 until the company filed for bankruptcy in December 2001. He was a central architect of the complex financi...

Finance

Kenneth Lay co-founded Enron Corporation in 1985 through a merger of Houston Natural Gas and InterNorth, becoming chairman and chief executive officer. Under Lay, Enron grew int...

Finance

Enrons downfall began with a systematic accounting fraud that used special purpose entities to hide billions in debt and inflate earnings. The company reported $101 billion in r...