Original Source: Investopedia 

“The story of Enron Corporation depicts a company that reached dramatic heights only to face a dizzying fall. The fated company’s collapse affected thousands of employees and shook Wall Street to its core. At Enron’s peak, its shares were worth $90.75; when the firm declared bankruptcy on December 2, 2001, they were trading at $0.26. To this day, many wonder how such a powerful business, at the time one of the largest companies in the United States, disintegrated almost overnight. Also difficult to fathom is how its leadership managed to fool regulators for so long with fake holdings and off-the-books accounting…” 

http://www.investopedia.com/financial-edge/1211/the-enron-collapse-a-look-back.aspx

Contributors: Investopedia
Categories: Industry Articles, SIG U Resource
SRC Type: Risk Management, Sourcing Management