Sample Essay

Quoted as the “Largest bankruptcy filed in US History” by the 7th largest company in the United States, Enron is a remarkable lesson to learn in the premise of “from riches to rags”, whereby a company, specifically top management, loses its integrity in 2001, most in part due to personal greed, resulting in the worst energy crisis, billions of dollars in losses, people losing their jobs and status as a willfully fraudulent company.

This research paper is an attempt to trace the roots of Enron, its executives, the steps they took to reach to the top, what exactly went wrong, and how this wrong was further fueled by an individual’s personal quest for gains, eventually turning the company into nothing more than a mere sand dune. A significant part of this research would also attempt to highlight circumstances under which auditors for the firm, Arthur Anderson failed to play its role as well as the failure of the federal government in its part to detect cracks in Enron’s policies and financial reporting to its shareholders.

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