The Collapse of Enron
The collapse of Enron: managerial aspect
Executive summary The downfall of Enron Corporation is one of
the most infamous and shocking events in financial world in the
whole history of the mankind, and its reverberations were felt
on global scale. Prior to its collapse in 2001, Enron was one of
the US leading companies and frequently considered among top 10
admired corporations and most desired places to work, and its
board was often recognized among the best five US companies in
accordance with the Fortune magazine. Its revenues made up US
$139($184) billion, assets equaled $62($82) billion, and the
number of employees reached more than 30,000 people in 20
countries around the world. While Enron Corporation was so
highly praised by the outside observers, internally it had
highly decentralized financial control and decision-making
structure, which made it practically impossible to get coherent
and clear view on corporations