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→Corruption and Demise
==Corruption and Demise==
==Corruption and Demise==
The Enron scandal occurred when Enron, a Blue Chip stock, was revealed to have far more debt than realized. Top officers misled shareholders and some transactions did not appear on the company's financial records. The stock dropped from $90 a share to mere pennies. It is considered to be one of the largest bankruptcies in history.
The Enron scandal occurred when Enron, a Blue Chip stock, was revealed to have far more debt than realized. Top officers misled shareholders and some transactions did not appear on the company's financial records using "future value accounting."<ref>http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aJBMW5XuxQPM&refer=us</ref> The stock dropped from $90 a share to mere pennies. It is considered to be one of the largest bankruptcies in history.
==Aftermath==
==Aftermath==