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When people hear the name of Enron, many companies think fraud and corruption Company officers. The very fraud and corruption within the company led to Enron's bankruptcy in 2001.

Formerly Enron Corporation, (now Enron Creditors Recovery Corporation) was to a large company in Houston Texas. The company employs about 22,000 people and was a leader in the electricity, paper and gas industry before bankruptcy.

With sales of 111 billion U.S. dollars in 2000, Enronwas named "America's Most Innovative Company" for six years running. However, their innovation was actually planned and systemactic fraud of its account holders.

to see the Enron bankruptcy actually set many standards and caused many Americans to the light when it comes to big business.

One of the biggest ever, affected the Enron bankruptcy, not only the American people, but to the whole world. Enron's involvement with the Arthur Andersen accounting firm, have the business worldwide.

The lawsuits that followed against the chief officers of Enron caused great waves of media messages because they for some of the largest amounts of money down ever in Washington history.

News reached across the country from the laundry to Los Angeles and many people began to look even more closely, what did other top executives in their companies.

Because of the Enron bankruptcy, the company has worked so far known as Enron, to pay down debt and liquidate theLaw of its bankruptcy settlement. Most of 2007 was the change of name from Enron Corp. to Enron Creditors Recovery Corporation and the final liquidation of all assets given, although the company under the name Enron Corp., thanks to a DBA or "doing business as" clause.

The company had a remarkable history, however, before the glory of the Enron bankruptcy in 2001.

In 1932 the Northern Natural Gas Company was formed in Nebraska in 1979 and reorganized and laterpurchased Houston Natural Gas, then they changed their name to Enron.

Resulting in the Enron bankruptcy? Originally, Enron was one of the largest electricity and gas provider in the United States. Although it ventures that did not had as.

They were one of the top rated companies to work and acclaimed for their innovative and future-oriented for many years.

However, many of its assets inflated and many more simply do not exist. Products of fake books'overinflated egos after a few.

At the end of the Enron bankruptcy, welcomed a change in large companies, which is for the better.

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