The Enron Bankruptcy

Paper Summary:

This paper explains that, in its simplest form, Enron and partner Arthur Anderson used off-the-books partnerships and complicated accounting to hide losses. The author points out that Enron still runs a number of businesses, including natural-gas pipelines; Portland General Electric, the main power producer in parts of Oregon; and a utility in Sao Paulo, Brazil. The paper states that Enron is working with creditors and will ultimately move from its current location and change its name.

From the Paper:

"Economically, the U.S. has been dealt a blow with cases like Enron, Anderson, Worldcom and others who have implemented dirty business practices for illegal gains while inflating profits and hiding billions in debt. These practices have changed the face of American business by causing the collapse of businesses, the loss of hundreds of jobs and created the need for "big brother" procedures to be the vanguard over American business practices."

More papers on The Enron Bankruptcy:

• Analytical Essay # 7618 : "The Economic Effects of the Enron Downfall"
• Case Study # 72417 : "The Enron Case"
• Research Paper # 86670 : "The Enron Debacle"

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