(Solved): Answer All the questions broadly. All are related to the case study. a. How was Enron, considered o ...

Answer All the questions broadly. All are related to the case study.

a. How was Enron, considered once the darling of American industry, turned into a company that caused terrible damage to the investments by investors?
b. Trace Enron’s growth as a powerhouse of the technological, fast-tracked “new economy” company.

The case about the Enron fiasco is an interesting study as to how Enron, one of America's fastest growing companies came to grief because of the greed and duplicity of its top executives. The company was so big that the ramifications of its collapse triggered a chain reaction all over. Its shareholders lost their investments, and more than 25,000 workers around the world lost their jobs. Many banks that dealt with the company lost millions of dollars. However, the Enron fiasco brought about a positive outcome in as much as corrective measures were initiated by governments worldwide to correct such corporate frauds. Auditors too came for public scrutiny and governments started initiating a number of steps not only to arrest frauds but also to anticipate them and thwart such developments.