Enron may have gone bankrupt two decades ago, but it never completely closed its doors. Now that the company is making headlines, finance enthusiasts are recalling the infamous 2001 scandal that destroyed Enron’s credibility. Learn all about what Enron’s executives did and the corporation’s downfall, below.
What Is Enron?
Enron is a Houston, Texas-based natural gas and energy company that was originally founded by Kenneth Lay in the 1980s. The corporation expanded throughout the 1990s, reportedly employing more than 20,000 staff members. However, by the early 2000s, Enron went bankrupt due to a financial scandal.
