Enron Scandal

The Enron scandal deals with violating employment law and failure. Employment law protects duad the employer and the employees rights and responsibilities. Part of the employers responsibilities is to oversee workplace resistance and standards, fair wages, retirement and pensions. The fraud committed by Enron tremendously affected the employees who had invested in what they believed to be secure company stock. These investments were do using their savings and 401k retirement funds. Because of the fraud, Enron was forced to file for bankruptcy in December of 2001. Enron Corp. was one of the worlds largest ability, commodities and work company. It marketed electricity and innate(p) bodge, delivered susceptibility and other physical commodities, and provided financial and risk vigilance services to customers worldwide. Based in Houston, Texas, Enron was formed in July 1985 by the conjugation of Houston Natural Gas and InterNorth of Omaha, Nebraska. Initially a native hitman pipeline company, Enron rapidly evolved from delivering slide fastener to brokering energy futures as energy markets were deregulated. The company began marketing electricity in 1994 and entered the European energy market in 1995.

In 1999, Enron launched a envision to profane and sell access to high-speed Internet bandwidth, and it launched EnronOnline, a Web-based good trading site, making it an e-commerce company. The company reported revenues of $ one ascorbic acid one billion in 2000. It has stakes in about 30,000 miles of gas pipeline, owns or has access to a 15,000-mile fiber eye communicate and has a stake in electricity generating trading operations virt ually the world. The collapse of Enron, th! e largest bankruptcy in U.S. history, led to thousands of employees losing their sprightliness savings in 401(k) plans tied to the energy companys stock. The reputation of Andersen, Enrons auditing firm, is disgraced by and by company officials admitted that thousands of Enron documents were destroyed. Those events led to a ado of probes, including...If you want to stimulate a full essay, order it on our website: OrderEssay.net

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