The Enron scandal occured when Blue Chip stock Enron, was revealed to have much more debt than thought. It would appear that top officers misled shareholders, and that some transactions did not appear on the com[any's financial records. The stock dropped in this period from $90 to mere pennies. It is considered to be one of the largest bankruptcies in history.
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The Enron scandal occured when Blue Chip stock Enron, was revealed to have much more debt than thought. It would appear that top officers misled shareholders, and that some transactions did not appear on the company's financial records. The stock dropped in this period from $90 to mere pennies. It is considered to be one of the largest bankruptcies in history.