Factbites
 Where results make sense
About us   |   Why use us?   |   Reviews   |   PR   |   Contact us  

Topic: Enron Corporation


Related Topics

In the News (Sun 29 Nov 09)

  
  Enron: Who We Are
Enron's business is to create value and opportunity for your business.
It's difficult to define Enron in a sentence, but the closest we come is this: we make commodity markets so that we can deliver physical commodities to our customers at a predictable price.
Enron's four business units -- Wholesale Services, Energy Services, Broadband Services and Transportation Services -- offer a wide range of physical, transportation, financial and technical solutions to thousands of customers around the world.
www.enron.com /corp/whoweare.html   (259 words)

  
  Enron Corporation - Wikipedia, the free encyclopedia
Enron was originally involved in the transmission and distribution of electricity and gas throughout the United States and the development, construction, and operation of power plants, pipelines, and other infrastructure worldwide.
Enron's global reputation was undermined, however, by persistent rumours of bribery and political pressure to secure contracts in Central and South America, in Africa, and in the Philippines.
Enron's plunge occurred after it was revealed that much of its profits and revenue were the result of deals with special purpose entities (limited partnerships which it controlled).
en.wikipedia.org /wiki/Enron_Corporation   (3876 words)

  
 Lessons from the Enron Collapse
Last year, Enron was the seventh largest corporation in the U.S. It was considered one of the most aggressive, successful, and politically well-connected.
Enron made failed investments in fiber-optic networks, a power plant in India, and water distribution in the U.K. Top executives in the company are accused of unethical behavior.
If ever a corporation has held sway over national energy supplies and policy, and was in a position to dictate policy for its own benefit, it was Enron.
www.infinite-energy.com /iemagazine/issue41/enron.html   (901 words)

  
 Enron Corporation: Facts and details from Encyclopedia Topic   (Site not responding. Last check: 2007-10-26)
Corporate america is an informal phrase describing the business world of the united states....
Corporate abuse refers to incidents that involve unethical behavior on behalf of a corporation; a case of corporate abuse may be a scandal, fraud, or negligence...
Sherron watkins was vice president of corporate development at enron and is considered by many the whistleblower who helped to uncover the enron scandal in 2001/...
www.absoluteastronomy.com /encyclopedia/e/en/enron_corporation.htm   (3216 words)

  
 Enron
This sham corporation, dedicated to Mammon, was headed by a CEO whose close personal friend was President George W Bush.
Enron CEO Ken Lay is named as a member of President George W Bush's transition team.
Enron CEO Ken Lay meets with Arnold Schwarzenegger, Michael Milken, and 12 other California Republicans at the Peninsula Hotel in Beverly Hills.
www.rotten.com /library/crime/corporate/enron   (507 words)

  
 B2B Comment: Enron Corporation
Enron is a global energy and communications company that produces electricity and natural gas; develops, constructs and operates energy facilities worldwide; delivers physical commodities and financial and risk management services to customers around the world; and is developing an intelligent network platform to facilitate online business.
Enron shares the FTC's concerns, however, that the transition to electronic commerce ("e-commerce") may result in anti-competitive activity as individual companies employ illegal tactics in an attempt to protect and extend their monopolies into new markets.
Enron submits that an important consideration for the antitrust agencies is the actual organization or formation of a particular B2B exchange or consortium to determine whether its operators (e.g., industry competitors) have the ability and incentive to compete independently.
www.ftc.gov /bc/b2b/comments/enron.htm   (1362 words)

  
 Testimony: Recent Events Relating to Enron Corporation (R. Herdman)
Enron has indicated that they overstated both total assets and shareholders' equity by $172 million due to a transaction first reported in the financial statements for the quarter ended June 30, 2000, and by an additional $828 million due to a transaction first reported in the quarter ended March 31, 2001.
While Enron discloses that it reports changes in its market values as part of other revenues (total other revenues were $7.2 billion for the year ended December 31, 2000), it is unclear from its public filings what portion of its revenues comes from the changes in values.
Enron also disclosed that a note payable in the amount of $690 million related to a limited partnership had been accelerated due to a downgrade in Enron's debt rating.
www.sec.gov /news/testimony/121201tsrkh.htm   (5333 words)

  
 Enron - Demopedia   (Site not responding. Last check: 2007-10-26)
Enron Corporation is an energy trading, natural gas, and electric utilities company based in Houston, Texas that employed around 21,000 people by mid-2001, before it went bankrupt.
Enron and its executives are also the single largest contributors ($550,000 and counting) to the political ambitions of Texas Governor George W. Bush, Republican candidate for President of the United States.
Enron: History of Human Rights Abuse in India (New York, January 23, 2002) -- The human rights abuses that plagued the Enron Corporation's Dabhol power plant in India from 1992 to 1998 demonstrate the need for U.S. government agencies to scrutinize such controversial projects more closely, Human Rights Watch said today.
demopedia.democraticunderground.com /index.php/Enron   (1064 words)

  
 CNN.com - Waxman wants explanation from Enron chief - January 12, 2002
Henry Waxman, California, is investigating Enron and has asked chairman and chief executive officer Kenneth Lay to explain two e-mails messages sent last year to employees that predicted the company's stock would rise, even as the company slid towards bankruptcy.
Enron markets electricity and natural gas, delivers energy and other physical commodities, and provides financial and risk management services to customers around the world.
Enron Corp.'s president called a top Treasury Department official several times late last year as the company was negotiating with bankers for a credit extension it needed to avoid bankruptcy, administration officials said Friday.
archives.cnn.com /2002/LAW/01/12/enron/index.html   (1350 words)

  
 The Enron Corporation:Corporate Complicity in Human Rights Violations Summary and Recommendations (January 1999)   (Site not responding. Last check: 2007-10-26)
In the middle of 1992, the government of Maharashtra state announced that the Enron Corporation would build the largest electricity generating plant in the world for Maharashtra at a cost of approximately $3 billion.
Enron is the overseer of the company, originally holding 80 percent ownership.
Enron’s local entity, the Dabhol Power Corporation, benefited directly from an official policy of suppressing dissent through misuse of the law, harassment of anti-Enron protest leaders and prominent environmental activists, and police practices ranging from arbitrary to brutal.
www.hrw.org /reports/1999/enron   (1605 words)

  
 ENRONGATE
Enron is accused of hiding its debts and creating a conflict of interest, according to investor lawsuits, by allowing its chief financial officer, Andrew Fastow, to run several partnerships that were not disclosed to shareholders.
Enron, a company close to both the Bush hearts and the Bush pocketbooks (is there a difference?), has served as a virtual home away from home for members of the previous and current Bush administrations.
Enron has also provided employment for a number of officials in the Bush II Administration, in addition to being the single largest financial contributor to the political career of President "Duh-bya.'' The relationship between Enron and the Bushes has been long, and profitable.
www.bushwatch.net /enron.htm   (5967 words)

  
 Enron Corporation   (Site not responding. Last check: 2007-10-26)
Enron's plunge value occurred after it was revealed that of its profits and revenue were the of deals with limited partnerships which it The result of this is that many the losses that Enron encountered were not in its financial statements.
Enron was formed in 1985 with the merger of Houston Natural and InterNorth engineered by Houston Natural Gas CEO Kenneth Lay.
Former Enron CFO Andy Fastow alleged mastermind behind Enron's complex network offshore partnerships and questionable accounting practices was on November 1 2002 by a Federal grand jury in on 78 counts including fraud money laundering and conspiracy.
www.freeglossary.com /Enron   (1166 words)

  
 ENRONGATE
Enron is accused of hiding its debts and creating a conflict of interest, according to investor lawsuits, by allowing its chief financial officer, Andrew Fastow, to run several partnerships that were not disclosed to shareholders.
Enron, a company close to both the Bush hearts and the Bush pocketbooks (is there a difference?), has served as a virtual home away from home for members of the previous and current Bush administrations.
Enron has also provided employment for a number of officials in the Bush II Administration, in addition to being the single largest financial contributor to the political career of President "Duh-bya.'' The relationship between Enron and the Bushes has been long, and profitable.
www.bushwatch.com /enron.htm   (5967 words)

  
 ZNet | Economy | Exporting Enron
The ongoing reports about Enron's collapse have led many people to believe that the corporation is for all practical purposes defunct.
Enron's decision to file for Chapter 11 bankruptcy protection caused it to forfeit its energy-trading operations in America and forced the corporation to sell some of its assets.
Enron's imposition of price hikes has resulted in flouts that eventually led to riots in Guatemala and the Dominican Republic, among other countries.
www.zmag.org /content/Economy/engler_enron.cfm   (824 words)

  
 Enron Corporation - Encyclopedia of Earth
Enron was a major political contributor, with nearly $6 million in campaign contributions since 1990.
Enron had been using its stock value as collateral to obtain loans from complicated “partnerships.” These partnerships allowed Enron, using questionable accounting techniques, to exclude this debt from its annual reports and thus inflate its apparent profits.
Enron’s accounting firm, Arthur Anderson, was accused of shredding documents and complicity in the deception.
www.eoearth.org /article/Enron_Corporation   (579 words)

  
 [No title]   (Site not responding. Last check: 2007-10-26)
Enron systematically shifted debts to off-book partnerships set up by company executives, to disguise the fact that it had relatively few assets.
Prior to its bankruptcy in late 2001, Enron employed around 21,000 people and was one of the world’s leading electricity, natural gas, and communications companies, with claimed revenues of $101 billion in 2000.
In the late 1990s, Enron was just one of the more than 400 corporations forced to dramatically restate their value because of accounting lapses, failures, or fraud.
www.lycos.com /info/enron--enron-corporation.html?page=2   (586 words)

  
 Enron Corporation Stock Certificate - Crooked "E" Logo - Scripophily
May 25, 2006 - Enron former chief executive Jeffrey Skilling and founder Kenneth Lay were both found guilty Thursday of conspiracy and fraud in the granddaddy of all corporate fraud cases.
Houston-based Enron created and dominated the trading of oil and gas contracts and is a big player in the complex world of commodities and risk management trading.
Enron creates special committee headed by University of Texas law school dean William Powers to respond to the investigation.
www.scripophily.net /encorlarbusf.html   (1452 words)

  
 New York Press - MICHELANGELO SIGNORILE -   (Site not responding. Last check: 2007-10-26)
Thousands of Enron employees watched their retirement accounts dry up as the stock of Enron tumbled, due partially to top executives’ risky ventures, bringing on the largest corporate collapse in American history.
Enron’s CEO, Kenneth Lay, is a buddy of Bush’s, and he and other Enron execs donated almost $2 million to Bush’s campaigns over the last eight years.
It’s hard to believe that people high up in the Bush administration weren’t privy to indications that Enron was in trouble well before the rest of us found out–and well before it was known to the company’s employee-shareholders, many of whom even took their Christmas bonuses in company stock, now worth practically nothing.
www.nypress.com /14/52/news&columns/.cfm   (1000 words)

  
 Enron Corporation - SourceWatch
Enron's plunge in value occurred after it was revealed that many of its profits and revenue were the result of deals with limited partnerships which it controlled.
Enron was formed in 1985 with the merger of Houston Natural Gas and InterNorth, engineered by Houston Natural Gas CEO Kenneth L. Lay.
Former Enron CFO Andrew Fastow, alleged mastermind behind Enron's complex network of offshore partnerships and questionable accounting practices, was indicted on November 1, 2002, by a Federal grand jury in Houston on 78 counts including fraud, money laundering, and conspiracy.
www.sourcewatch.org /index.php?title=Enron_Corporation   (1935 words)

  
 Bush-backing Enron makes big money off crisis   (Site not responding. Last check: 2007-10-26)
Enron Corp. of Houston is among a handful of a new generation of independent electric power brokers and producers that have reaped giant revenue increases from California's power shortages and higher natural gas prices nationwide.
Enron and its employees gave $113,800 to Bush's presidential campaign, his 10th most generous contributor; $250,000 to the Republican National Convention host committee; and $300,000 to the Presidential Inauguration Committee.
Enron Chief Executive Officer Kenneth Lay, who raised more than $100,000 for Bush's campaign, is a member of the president's energy transition team and attended his economic summit.
seattlepi.nwsource.com /business/enrn25.shtml   (681 words)

  
 Enron’s Blackout Cuts Power Behind Numerous Thrones   (Site not responding. Last check: 2007-10-26)
The chief mourners of Enron’s demise—apart from the investors and workers that it deceived—are the legions of lobbyists and politicians whom Enron fed.
Enron (which has given $103,250 to Texans for Lawsuit Reform) is now suing its would-be corporate rescuer, Dynegy, even as it faces a slew of investor lawsuits.
Enron has paid Texas Senator Phil Gramm’s wife, Wendy, $50,000 a year to sit on its board since 1992, when she began deregulating energy futures markets as chair of the Commodities Futures Trading Commission.
www.tpj.org /Lobby_Watch/enron.html   (845 words)

  
 Enron Field
Enron's top executives were more aware of the risks in the one-time energy trader's controversial partnerships than they have previously acknowledged, according to documents released by congressional investigators.
Enron Corp. collapsed last fall because of massive failures by its management, board and outside advisers as well as self-enrichment by some employees "in a culture that appears to have encouraged pushing the limits," according to an internal report released yesterday.
Enron employees, whose retirement plans vanished amid the debris of the energy giant's bankruptcy, are quietly pointing federal investigators toward the man they think most responsible for the fiasco: former Chief Executive Officer Jeffrey Skilling.
www.cursor.org /enronfield.htm   (6381 words)

Try your search on: Qwika (all wikis)

Factbites
  About us   |   Why use us?   |   Reviews   |   Press   |   Contact us  
Copyright © 2005-2007 www.factbites.com Usage implies agreement with terms.