The Contingency Plan of the Exe deletionives at Enron
Coons - MAN3554
Abstract
Greed does a terrible thing in this world to people. It can incline them from saints to sinners in an instant. When their conscious finally catches up to them, if at all, it is in any case late to correct all the wrong that has already been d wizard. Enron executives completely saw making their own pockets richer and stepping on anyone who got in their way. formerly the fraud was uncovered they had no continuity image in place to save their confederation and all their employees. No one in the executive branch saw it fit to externalize out what would happen if. Well what would have happened if they could have had a plan in place to continue operating aft(prenominal) the bankruptcy?
Enron was founded in 1985 by Kenneth Lay. By October of 2001, the ships company industrious approximately 22,000 staff and was one of the worlds atomic number 82 electricity, natural gas, communications, and pulp and paper companies, with claimed revenue revenues of nearly $hundred and one billion in 2000. Enron was a supposed successful company with people like the former Presidents George and George W. Bush backing them to the fullest.
In 1987, Enron faced its first scandal, now referred to as the Valhalla Scandal. Lou Borget and one separate trader in the Enron International Oil Inc.
unit in Valhalla, New York, lost $85 million in losses by making risky, and ultimately disastrous, bets. The profits for the year were cut almost in half. Even during the heart of the scandal, Lay defended the traders because they had generated millions for Enron. only if once convicted, Lay was outraged and told the company that situations like this would non happen if everyone would just follow company procedure. Borget was convicted of money launder and fraud costing Enron shareholders about $64 million.
Based on this first scandal, someone in the executive section of the company should have begun building a contingency and continuity plan for just in case it was to...If you want to get a full essay, order it on our website: Orderessay
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