Enron: How the Biggest Corporate Fraud in History Was Hidden in Plain Sight
In the year 2000, Enron Corporation was the seventh largest company in the United States. It employed approximately 29,000 people. Its stock traded at over $90 a share. Fortune magazine had named it “America’s Most Innovative Company” for six consecutive years, from 1996 to 2001. Fourteen months later, it was bankrupt. Its stock was worth pennies. Roughly 20,000 employees had lost their jobs. Thousands of ordinary workers had watched retirement savings — invested heavily in Enron stock at the company’s encouragement — evaporate to nothing. ...