enron corporation: dive to zero

By: Alyssa Kyle M. Aboc

thought of themselves and criminal charges. Lou Pai was

nothing more, the only thing a mysterious figure even
that really mattered to them amongst his colleagues;
was the profit and the fame however, this did not stop
that Enron had given them. him from taking over $280
Enron Corporation
million from Enron and
was one of the most revered The ones who
companies of its time; spending it on different
exhibited this greed the most
boasting claimed revenues of endeavors, such as night
were none other than Enron’s
over $101 billion in its prime. clubs, or using the company
very own CEOs, Jeffrey
They showed no intention, jet for his personal use.
Skilling, Lou Pai, and
nor any signs, of slowing Another prominent figure in
Kenneth Lay. Skilling was
down--the only direction the downfall of Enron was the
always known for being a
their company knew was up. very founder of Enron,
genius, having earned his
Kenneth Lay, who had
And "up" was what they were MBA from Harvard, and
actively tried to turn a blind
known for, especially with earning the “achievement” of
eye to all the wrongdoings of
their stock prices becoming Enron’s CEO.
his fellow CEOs as long as it
continuously increasing,
reaching records of $90.75 per meant profit. In the end the
share at their peak. The public one common factor in all of
held them at a pedestal, and the people who lead Enron’s
everyone clamored for a way downfall was that all they
to form any sort of wanted was for them to profit
relationship with the and not to lose face to the
Jeffrey Skilling
public.
company. The company was
However, behind that image
comparable to an ocean that Greed and arrogance
of a genius, he had created
had stood peacefully for so can destroy anyone. Once you
and used numerous
long and at the last moment fall into the trap of greed and
erroneous accounting policies
send out a tsunami wreaking arrogance you will slowly,
that helped Enron gain its
havoc, destroying everything but surely lose all that made
position, and ultimately
they had built, and destroying you the person you once
buried Enron’s name, making
the lives of all the people that were, but in this case their
trusted them. it one of the largest
arrogance and greed did not
bankruptcies to hit America.
The disastrous story only cause them to lose
Jeff was only able to this
of their bankruptcy left one of themselves, but it also meant
because he did not want any
the biggest blemishes in thousands losing their
blemishes in his own tract
corporate America's history. livelihood and hard earned
record, and as Enron got
They left thousands of people money. Hence, when you are
bigger, he became even more
jobless and losing billions in in a position as high as the
arrogant, leading him to use
CEOs of Enron, or even if you
damages. Everyone was even more questionable
are a simple person, you
enraged. Greed and tactics. Another man that was
should never be consumed by
arrogance surrounded those best known for contributing
your greed, because you do
who caused this. The people to Enron scandal was Lou Pai,
not only affect yourself, but
responsible, Enron’s top a former Enron executive,
also those around you.
management, only really who was able to escape all