About Enron
Enron Corporation was an American energy, commodities, and services company based in Houston, Texas. It was founded by Kenneth Lay in 1985 and became one of the largest energy companies in the world. Enron was known for its innovative business model and was a pioneer in the trading of energy derivatives. However, the company became infamous for its accounting fraud scandal that led to its bankruptcy in 2001, which was one of the largest in U.S. history. The scandal resulted in significant regulatory changes in the accounting industry and led to the dissolution of Arthur Andersen, one of the five largest audit and accountancy partnerships in the world. Despite its controversial history, Enron's legacy continues to influence discussions around corporate governance and ethics in business.
Company facts
- Industry
- Oil & Energy
- Sub-industries
- Energy Trading, Natural Gas, Electricity, Renewable Energy, Commodities
- Location
- Houston, United States
- Employees
- 10K–50K
- Founded
- 1985
Products and services
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