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Enron and what went wrong,the accounting, the ceo's, and the retirement plans of thousands
Date Submitted: 10/25/2002 06:49:31
Enron
Imagine having all your money for your retirement plan gone,
your money for vacations and grandchildren all gone. You thought it'd never
happen, but it did, and how your top executives are making off with millions
as your company goes bankrupt. Did executives and accountants destroy
Enron?
Enron with 21,000 employees and international offices around
the globe was the seventh largest company in America. It grew to power by
selling gas and electricity to homes
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how companies can control
their employees (401) k plans. Also it's very hard to get into a company and
try to check out how the company works especially when its international
like Enron. Most often the person to blame is the bookkeeper, but that's not
always true. For instance if the executives tell the bookkeeper to lie, and yes
there is another Enron type bankruptcy, Boston Chicken, but I'll save that
topic for my next report.
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