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Wednesday, January 29, 2014

Enron

Enron Executives at high-flying Enron Corp. (ENE ) never seemed overly concerned with how the rest of the gracious beings viewed their business practices. Earlier this year, the California Attorney General had to get a court order to collect documents in an industrywide investigating into energy price fixing. And when an analyst challenged former CEO Jeffrey K. Skilling in a conference call to produce Enrons balance sheet, Skilling called him an ass----. Still, yet some Enron executives worried that the company had gone too uttermost(prenominal) with two complex partnerships set up in 1999 to acquire company assets and hedge investments. With Enrons then-chief financial officer acting as general manager of the partnerships and in a position to in person benefit from their investments, the potential for a conflict of involvement and backfire from investors seemed overwhelming. Internally, everybody said this is not a good idea, says a a scendent close to the company. But no one could behave predicte...If you ask to get a full essay, order it on our website: OrderCustomPaper.com

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