Factors That Led to Enron Downfall in 2001
1998, the value of their stock rose by 311%, a model growth rate described by the Standard & Poor. Before the collapse of Enron Corporation, Enron was rated one of the most profitable companies. The market environment perceived Enron management as aggressive and talented for the application of the cutting edge innovative business model. In 1990, the Enron stock price was $7 and increased to $83 in 2000. However, the company recorded its substantial increase in the stock price in 1997. In 2000, Enron stocks 'outperformed the U.S. NASDAQ composite index, and Enron footprint was everywhere in North America. Despite the success of Enron in the 1990s, the company's reputation was… Continue Reading...