Nearly 40 years ago, Houston Natural Gas Corp., merged with an Omaha-based company, InterNorth, to form HNG InterNorth, which later was renamed Enron. By 2001, the company filed for Chapter 11 ...
Lay urged staff to talk up Enron and even suggested they tell family and friends to buy in. His upbeat message came just ...
Jeffrey Skilling, the former Enron Corp. chief executive who led the company as it veered toward collapse in a massive corporate scandal, was charged Thursday with fraud, insider trading and lying ...
A portfolio worth $2 million was downsized to $4,000 in another. They both lost $600,000 in retirement savings in the same round of firings at Enron a short time apart. The company was a major power, ...
In the fall of 2001, as Enron’s internal problems mounted and its stock price tumbled, Chair Kenneth Lay told employees the opposite of what was really going on. “The company is fundamentally sound,” ...
Enron CEO told employees to buy stocks just months before company collapsed and lost $74,000,000,000
With this in mind, in the months leading up to Enron's collapse, Lay encouraged employees to buy stock and 'talk up' the idea ...
The deal was negotiated largely by V&E partner Harry Reasoner of Houston, the firm s former managing partner, and Enron President and Board Chairman John Ray III. Houston’s Vinson & Elkins has ...
Back in the 1990s, Enron Corporation was the darling of Wall Street. The energy company, one of America’s largest, was riding a tide of deregulation, hailed for its innovative use of technology and ...
In the fall of 2001, as Enron’s internal problems mounted and its stock price tumbled, Chair Kenneth Lay told employees the opposite of what was really going on. “The company is fundamentally ...
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