In laymans terms, how did they hide the poor health of the company from regulators and tbe public, why did the house of cards eventually collapse? And why couldn’t every company be doing the same or similar houdini tactics then and now?
In: Economics
It should be noted here that Enron did have a very successful business model, which involved a very wide horizontal monopoly in the energy production and delivery industries. They were able to work around price fluctuations that other companies had to suffer through.
They got in trouble anyway. They were investing so heavily in so many markets that competitors were getting past them, and they tried hiding the losses.
Latest Answers