Enron is a name that is synonymous with scandal, corruption, greed and arrogance. Its collapse in 2001 left 20,000 employees out of work and $1.2 billion missing from their retirement funds.
In its heyday Enron was the poster-child of Wall Street. A true stock-market darling, reporting revenues of $100 billion and shares trading at an eye-watering 55 times earnings. It was America’s 7th largest corporation and valued in excess of $70 billion.
Analysts everywhere praised the organisation for its game-changing approaches. Fortune magazine named it “Most Innovative Company” six years in a row. Its trading floors were packed full of the smartest and brightest minds. Enron was a force to be reckoned with.