Enron Research Paper Example | Topics and Well Written Essays - 2500 words

Enron - Research authorship Exampletop, what exactly went wrong, and how this wrong was further fueled by an individuals personal require for gains, eventually turning the company into nothing more than a mere sand dune. A material part of this research would also attempt to highlight circumstances under which auditors for the firm, Arthur Anderson failed to play its role as well as the failure of the federal g everywherenment in its part to detect cracks in Enrons policies and financial reporting to its shareholders.In an attempt to identify the relationships, organizational and individual, that played a part in Enrons fall, I will highlight the reasons that led to the eventual failure of Enron, the role played by individuals serving the management of Enron to hide information from their employees, stakeholders and the general public to elude failures and heavy losses incurred collectible to malpractices and willful fraudulent activities.Based in Omaha, Nebraska, InterNorth was a very large company with investments in businesses ranging from plastics to oil colour exploration and so on. Primarily a gas pipeline manufacturer, InterNorth was also distinguished in its trading operations of the largest gas pipeline spread across North America.A legacy of Northern Natural catalyst Company founded in 1932, InterNorth was formed as its holding company in 1979. Later in 1985, InterNorth took over Houston Natural Gas Company in 1985, in pursuit of expansionary production opportunities. For a while, the company was renamed HNG/InterNorth later on the takeover, later named to Enron in just a few months.After the takeover, HNG/InterNorth fell into depth of $ 4.2 billion (Gavridis) sideline the acquisition of the company. In view of the critical situation, Kenneth Lay, then CEO of HNG, used Employee Stock Ownership broadcast to pay off the debt. After the settlement, the company, initially planned to manage two headquarters in Omaha and Houston, go all its operat ions to Houston, Texas where HNG was initially based,