The Impact Crater: Employees & Investors Lose Big on Enron’s Collapse There were several entities scarred by this massive corporate scandal. Perhaps the largest and most affected group of individuals from the Enron debacle were the Enron employees and investors....
Bad Analysis: How Corporate Banking Culture Prevented Earlier Detection of The Fraud There were also some analysts who refused to put out bad advice by praising Enron to their clients. One of the most famous is John Olson, an energy analyst at Merrill Lynch who...
Sherron Watkins: Suspicions Arise Within Enron’s Own Ranks Even though McLean was the first to publicly analyze Enron’s lack of transparency, it wasn’t until Sherron Watkins (VP of Corporate Development) began to inquire about Enron’s creative accounting methods that...
Fortune’s Bethany McLean Pulls the First Thread on Enron’s Frauds Although Enron had been “cooking the books” for quite some time, it wasn’t until a columnist for Fortune magazine, Bethany McLean, wrote an article in the March 5, 2001 issue of Fortune entitled,...
Mixed Signals: Cheering & Jeering from Fortune and Others In the wake of the largest corporate bankruptcy the world had ever known, Enron ultimately became a tale of human tragedy forged from financial loss. There was also a great dichotomy in their downfall: The...
The Nature of the Enron Scandal: Special Purpose Entities (SPE) A Special Purpose Entity, or “SPE/SPV”, is also referred to as a “bankruptcy-remote entity” whose operations are limited to the acquisition and financing of specific assets. The SPV is...
