Perhaps my words will be inadequate to describe the Enron disaster, but here goes: Enron was a Houston-based energy company that went from being dubbed "America's Most Innovative Company" more than once by Fortune to flaming out in a 2001 bankruptcy wrapped up in accounting fraud, criminal charges, and the destruction of employee investments and retirement savings.
- Ken Lay: Former Enron CEO and chairman; convicted on fraud-related counts in 2006; died in 2006 before his sentencing.
- Jeffrey Skilling: Enron CEO in 2001; convicted on fraud-related charges in 2006; serving a 24-year sentence. Skilling most recently appealed his conviction in January 2009.
Related Fool Articles
Recent Mentions on Fool.com
- The Best Business Model for Banks
- Can Edison Nation Show You How to Sell Invention Ideas?
- 5 Things Vale SA ADR's Management Wants You to Know
- 5 Things You Didn?t Know About FHA Mortgage Rates
- The New Aston Martin Lagonda Luxury Super-Sedan Offers a Glimpse of Aston's Future
- Healthcare Investment Opportunities for the Long Term