Definitions for Enron
en·ron

WiktionaryRate this definition:0.0 / 0 votes

1. Enronnoun

   The events that led up to the bankruptcy of the Enron Corporation

2. Etymology: After, major American energy company that collapsed in 2001 due to accounting fraud.

WikipediaRate this definition:0.0 / 0 votes

1. Enron

   Enron Corporation was an American energy, commodities, and services company based in Houston, Texas. It was founded by Kenneth Lay in 1985 as a merger between Lay's Houston Natural Gas and InterNorth, both relatively small regional companies. Before its bankruptcy on December 2, 2001, Enron employed approximately 20,600 staff and was a major electricity, natural gas, communications, and pulp and paper company, with claimed revenues of nearly $101 billion during 2000. Fortune named Enron "America's Most Innovative Company" for six consecutive years. At the end of 2001, it was revealed that Enron's reported financial condition was sustained by an institutionalized, systematic, and creatively planned accounting fraud, known since as the Enron scandal. Enron has become synonymous with willful corporate fraud and corruption. The scandal also brought into question the accounting practices and activities of many corporations in the United States and was a factor in the enactment of the Sarbanes–Oxley Act of 2002. The scandal also affected the greater business world by causing, together with even larger fraudulent bankruptcy WorldCom, the dissolution of the Arthur Andersen accounting firm, which had been Enron and WorldCom's main auditor for years.Enron filed for bankruptcy in the Southern District of New York in late 2001 and selected Weil, Gotshal & Manges as its bankruptcy counsel. It ended its bankruptcy during November 2004, pursuant to a court-approved plan of reorganization. A new board of directors changed the name of Enron to Enron Creditors Recovery Corp., and emphasized reorganizing and liquidating certain operations and assets of the pre-bankruptcy Enron. On September 7, 2006, Enron sold its last remaining subsidiary, Prisma Energy International, to Ashmore Energy International Ltd. (now AEI).

WikidataRate this definition:0.0 / 0 votes

1. Enron

   Enron Corporation was an American energy, commodities, and services company based in Houston, Texas. Before its bankruptcy on December 2, 2001, Enron employed approximately 20,000 staff and was one of the world's major electricity, natural gas, communications, and pulp and paper companies, with claimed revenues of nearly $101 billion during 2000. Fortune named Enron "America's Most Innovative Company" for six consecutive years. At the end of 2001, it was revealed that its reported financial condition was sustained substantially by an institutionalized, systematic, and creatively planned accounting fraud, known since as the Enron scandal. Enron has since become a well-known example of willful corporate fraud and corruption. The scandal also brought into question the accounting practices and activities of many corporations in the United States and was a factor in the creation of the Sarbanes–Oxley Act of 2002. The scandal also affected the greater business world by causing the dissolution of the Arthur Andersen accounting company. Enron filed for bankruptcy protection in the Southern District of New York during late 2001 and selected Weil, Gotshal & Manges as its bankruptcy counsel. It ended its bankruptcy during November 2004, pursuant to a court-approved plan of reorganization, after one of the most complex bankruptcy cases in U.S. history. A new board of directors changed the name of Enron to Enron Creditors Recovery Corp., and emphasized reorganizing and liquidating certain operations and assets of the pre-bankruptcy Enron. On September 7, 2006, Enron sold Prisma Energy International Inc., its last remaining business, to Ashmore Energy International Ltd..

How to pronounce Enron?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say Enron in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of Enron in Chaldean Numerology is: 6

2. Pythagorean Numerology

   The numerical value of Enron in Pythagorean Numerology is: 3

Examples of Enron in a Sentence

1. Susan Salgado:

   In this post-Enron era, with all the lack of trust we have in our politicians and financial institutions, people are looking for these kinds of stories, more and more consumers want to do business with companies that are doing good for society.

2. Tom Anastasi:

   Enron had this amazing mission statement, and of course they didn't abide by it.

3. Peter Fitzgerald:

   You are perhaps the most accomplished confidence man since Charles Ponzi. I'd say you were a carnival barker, but that wouldn't be fair to carnival barkers. to former Enron CEO Keny Lay

4. Robert Pozen:

   Since Enron, many employers have decided this isn’t a good thing for employees - that’s the good news.

5. Jonathan Lipson:

   Enron's estate lasted forever and ever, that's what happens with really complex cases.

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References

1. ^ Wiktionary
   https://en.wiktionary.org/wiki/Enron
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Enron
3. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=Enron