Background
When was Enron established?
1985
Who was Kenneth Lay?
founder and former Chief Executive Officer (CEO)
Which company was responsible for Enron's financial statements?
Arthur Andersen
What accounting Method did they use?
MTM accounting (Mark - To - Market Accounting)
What was Enron‘s movie called?
Enron: The Smartest Guys in the Room
Who established Enron?
Kenneth Lay and Jeffrey Skilling
Who was Jeffrey Skilling?
former Chief Executive Office replacing Lay
How much was their stock worth during fall season?
Less than a dollar ($0.26)
How did they hide their debts?
Enron used special purpose entities (SPEs)
What are the colours of Enron’s Logo?
Red, green, and blue
What was Enrons’s net worth before they went bankrupt?
70 Billion
Who was Andrew Fastow?
former Chief Financial Officer
When did Enron’s financial struggles begin to surface?
Early 2000s
What type of transaction did they use to generate fake revenue?
round-trip transactions
What did Fortune Magazine name Enron for 6 consecutive years?
“America’s Most Innovative Company”