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The Failure of the Enron Corporation
To explain the causes of collapse for Enron, you must first examine the company history till its downfall and what it actually did as a company.
Enron was formed in July 1985 form the merger of two large natural gas line companies called Internorth and Houston Natural Gas in the US. The company began trading natural gas commodities in 1989 and electricity in 1994. The company made extensive use of the internet to broker sales and quickly became a powerhouse in the natural gas and electricity markets. Beginning in the mid 1990s the company tried to build upon its earlier success in the ener…
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