Professional Documents
Culture Documents
Ceased operations: 2007
Is Enron Overpriced? ... While tech stocks were bombing at the box office last year, fans couldn't get
enough of Enron, whose shares returned 89%. By almost every measure, the company turned in a
virtuoso performance: Earnings increased 25%, and revenues more than doubled, to over $100
billion.
2007
Enron failed because they had no regard for the consequences of their actions. Enron is a classic
example of management's disregard for the common man while solely being focused on
profits. Enron became essentially a trading company for commodities and utilities primarily.
Arthur Andersen
Arthur Andersen LLP was an American holding company based in Chicago. Formerly one of the "Big
Five" accounting firms the company had provided auditing.
Products: Professional services
Fate: Split after being charged in the Enron Scandal. Auditing portion went out of bus...
After 89 years in business, Arthur Andersen LLP on Saturday ended its role as auditor of public
companies. ... The company now has fewer than 3,000 of the roughly 28,000 employees it had
before the Enron scandal. Of its more than 1,200 public-company audit clients, none will remain.
Arthur Andersen was also accused of destroying thousands of Enron documents that included not
only physical documents but also computer files and E-Mail files. After investigation by the US
Justice Department, the firm was indicted on obstruction of justice charges in March 2002.