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Enron was an energy, commodities and services company that employed 29,000 people and generated 101 billion dollars of revenue at its height. However, due to massive amounts of accounting fraud it was forced to declare bankruptcy and became the largest company in the world to do so at the time. As a result, it’s stock price plummeted from 90 dollars to 12 cents in a matter of weeks. To make matters worse when the dust settled, the CEO was sentenced to 24 years in prison, the founder died of a heart attack, and an executive shot himself in the head. This is the rise and fall of Enron.
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