100% authentic writing

Follow us on:

chat off
Toll Free:
get your paper now
Get a free quote
Order your paper
Customer login
most popular order
with one order you receive 5 in 1
Buying an Essay
College Life
Custom Research Paper
Essays for Sale
Good Advice
Purchase Term Paper
Research Paper Ideas
Using Writing Service
Writing an Essay
Writing Papers Guide
Writing Research Paper
Writing Term Paper
Cozy Living For Free
No to Animal Experiments
Why Readers Adore One Hundred Years of Solitude?
Scientists Going too Far
Writing a Personal Statement


← What is CashFlexibility →
Live Chat

Custom Down fall of Enron essay paper sample

Buy custom Down fall of Enron essay paper cheap

The down fall of Enron Corporation in 2001 had lasting effects that could be felt even to this date. Enron’s downfall was occasioned by the lack of proper ethical business procedures (Ferrell et al., 2005).  This fall led to the job loss for many employees with others losing their pensions and retirement benefits. People who thought that they would be in a position of retiring have been forced to look for another appropriate job and stay for more time in the workforce (Fusaro and Miller, 2002). Many have taken part in lawsuits in which they are endeavoring to recoup a portion of their savings that were lost. Billions of money were lost by shareholders when the stock price plunged.

After what seemed to be a flourishing moment for Enron, the company ran into liquidity issues after it came to the point of acquiring finances needed to fund some new projects they had invested in. The balance sheet of the company was already ridden with an accrued debt owing to the starting costs of the company and more debt that was acquired and that would be harmful to their bonds rating (Fusaro and Miller, 2002). If they gave out much more common stock, they would have consequently diluted their stock price and largely reduced the total earnings per share. These instances would turn out to be a bad exposure, which could damage their public image and future ability of acquiring capital as a business in energy trading. Their objective was to prove to the community of investors that they were not an insolvent and unstable company. All of these occasions made Enron search for other ways to finance new projects.

The pressure increased to maintain favorable figures of earnings on paper hence creating an environment for a fraud.  Enron fraudulently used Special Purpose Entities, commonly known as SPEs that made it possible for them to raise capital without harmfully affecting their rating and bond or credits (Fusaro and Miller, 2002). Shareholders, auditors, the public, executives, employees and other various stakeholders are still handling the impact of this down fall created by Enron which was caught with a debt ridden through misconduct.

Buy custom Down fall of Enron essay paper cheap

Order Now

Related essays

  1. Flexibility
  2. Insurance Basics
  3. What is Cash
  4. Anti-Aging Technologies
why we are
10+ years experience on
custom writing market
Satisfied returning customers
A wide range of services
3-hour delivery available
100% privacy guaranteed
Professional team of experienced paper writers
Only custom-written papers
Free revision within 2 days
Constant access to your paper writer
Free cover and reference page
essays stat
10 chat / phone operators online at the moment
1000 writers active
18454 writers in the database
4 new writers passed exam this week
1434 pages written
448140 words written
8.5 out of 10 current average quality score
Satisfied customers: 97%
discountscustomer support via live chat, email, phone
Type of assignment:
Writer level:
Cost per page: ...
Number of pages:
Total without discount: $12.99

15% off your first custom essay order. Order now

from $12.99/PAGE