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Enron Corporation

Also Known As Enron
Energy

An American energy, commodities and services company formed in 1985 from the merger of Houston Natural Gas and InterNorth under founding chairman and CEO Kenneth Lay. By 2000 it claimed nearly 101 billion dollars in annual revenue and roughly 20,600 staff, before widespread accounting fraud, including mark-to-market accounting and off-balance-sheet special purpose entities used to conceal billions of dollars in debt, brought it to the largest corporate bankruptcy in United States history to that date on December 2, 2001. This description is adapted from Wikipedia contributors under CC BY-SA 4.0; changes were made. https://creativecommons.org/licenses/by-sa/4.0/

Facts
Company Type
Energy, commodities and trading conglomerate (historical, dissolved following its 2001 bankruptcy) 1
Founded Year
1985 1
Headquarters
Houston, Texas, U.S. 1
Connections

Associated With

Enron Scandal, Corporate Events

The company this 2001 scandal and bankruptcy destroyed.

Founded By

Kenneth Lay, Founders, Executives and Management Thinkers
Source Wikipedia, Kenneth Lay

Led By

Kenneth Lay, Founders, Executives and Management Thinkers
Source Wikipedia, Kenneth Lay

Operates In

Energy Industry, Industries
Source Wikipedia, Enron

Related Corporate Events

Enron Scandal, Corporate Events
Source Wikipedia, Enron
In the Other Atlases
Sources
1. Wikipedia, Enron
Wikipedia
  • opening paragraph
    Before its bankruptcy on December 2, 2001, Enron employed approximately 20,600 staff and was a major electricity, natural gas, communications, and pulp and paper company, with claimed revenues of nearly $101 billion during 2000.
  • Operates In: Energy Industry
  • Related Corporate Events: Enron Scandal
View the Source
Wikipedia, Kenneth Lay
Wikipedia
  • Founded By: Kenneth Lay, Enron section, founding
  • Led By: Kenneth Lay, Enron section, leadership
View the Source
Frequently Asked Questions

What ultimately caused Enron's collapse?

Enron was formed in 1985 from the merger of Houston Natural Gas and InterNorth under founding chairman and CEO Kenneth Lay, and by 2000 it claimed nearly 101 billion dollars in annual revenue and roughly 20,600 staff. Its collapse came from widespread accounting fraud, including mark to market accounting and off balance sheet special purpose entities used to conceal billions of dollars in debt, which brought the company to the largest corporate bankruptcy in United States history at the time, filed on December 2, 2001.
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