Enron Was An American Gas Company

1480 Words Jul 13th, 2015 6 Pages
When many people discuss Enron, they immediately associate it with one of the most scandalous accounting scams in history. Enron was an American gas company that arose as the Northern Natural Gas Company in 1931. Internorth was a holding company in headquartered in Omaha, Nebraska, purchased the Northern Natural Gas Company and restructured it is 1979. Founder Kenneth Lay formed the company by merging the two companies and created Enron. Enron was founded in 1985, as one of the world 's leading electricity, natural gas, communications and paper companies.
The History of Enron
Throughout the late 1990s, Enron was considered by many to be one of the country 's most innovative companies. The company continued to build several power plants and operated gas lines, but it became most known for its exceptional trading businesses. Other than purchasing and selling gas, Enron created a whole new market with internet bandwidth. This opened the door for advertisers and assisted in internet communication.
Enron 's journey from an energy company to a trading company was one that many thought was history in the making. The focus of the company went from energy markets to finding new ways of earning money. Many investments were made in the U.S. and around the world to increase its business and open the company to opportunities in new markets. Enron was given the title of America’s most innovative company six years in a row by Fortune 's Most Admired Companies survey. This made Enron one…
Open Document