Enron Additions

Paper Summary:

This paper looks at how the Enron Corporation defrauded the public and its investors through the use of Special Purpose Entity transactions. The paper also looks at the role Enron's public relations office had in hiding Enron's ethical violations, the role Wall Street had in helping Enron defraud the public, as well as how various independent advisors assisted Enron in cheating its investors.

From the Paper:

"At these late points, Enron executives were calling on the public relations folks to fix their image, which was not possible. Because public relations' results are, well, public whereas accountings' results (barring failure and consequent exposure) are not, it was impossible for public relations at Enron to dig itself the kind of hole the rest of the company had. Any public relations staff who stayed on might have been seen as fools, or perhaps even liars, although many might have forgiven them trying to save their paychecks for a few more weeks since the were not doing anything illegal. One hopes."

More papers on Enron Additions:

• Essay # 57552 : "The History of Enron"
• Analytical Essay # 145241 : "The Ethical Failures at Enron"
• Essay # 87631 : "Enron"

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