It is being called the greatest business calamity in American history. Enron, the seventh largest Fortune 500 company in the nation, [1] disintegrated in a matter of days. Countless executives, employees, and retirees watched helplessly as their fortunes disappeared along with Enron.
Enron, a pipeline company in Houston, was founded in 1985. It profited by promising to deliver gas to utilities or businesses at a fair market price. That changed with the deregulation of electrical power markets. …
