Enron Of Enron And Enron

1387 Words Oct 15th, 2015 6 Pages
Enron was formed in 1985 from the merger of two gas companies from Texas and Nebraska. Enron became the first company with all-American network of gas pipelines. In 1997 Enron bought power generating company "Portland General Electric Corp." worth $ 2 billion. Before 1997 ended, the management turned the company into "Enron Capital & Trade Resources" which became the largest American companies that trade in natural gas and electricity. Revenue increased dramatically from $ 2 billion to $ 7 billion by employees grew from 200 to 2,000 people.

Enron formed also "Enron Online" (EOL) in October 1999. The EOL is a business unit of Enron that online marketing of energy products electronically through the website. In an instant, EOL successfully carry out a transaction valued at $ 335 billion in 2000. In January 2000, Enron announced a very ambitious grand plan to build a network of high-speed electronic broadband with capacity bandwidth sales network to sell gas and electricity. Enron finance hundreds of millions of dollars to implement this program, although the benefits have not appeared, but the price of Enron stock on Wall Street jumped to $ 40.00, even increased to $ 90.56, so that Enron declared by Fortune magazine and other media as "one of the most admired and innovative companies in the world "(America 's Most Innovative Company) for six consecutive years.

Enron into the public spotlight in late 2001, when it was revealed that the reported financial condition supported…

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