Enron

The Fall of Enron Identify the Stakeholders in Enron and discuss the positive or negative benefits that resulted for each group from Enrons demise. The downfall of the Enron great deal in 2001 had far reaching effects that argon accomplish felt to this day. Employees, sh arholders, auditors, executives, the public and many other stakeholders are calm dealing with the impact of the fallout that came from the misconduct of the debt ridden company. With the exception of a few industries, the stakeholders confront mainly negative benefits from Enrons demise. The employees of Enron non save incapacitated their jobs, but thousands lost their pensions and retirement savings. Individuals that conceit they were deviation to be able to retire now amaze to suffer a suitable job and stay bimestrial in the workforce. Many are involved in lawsuits in which they are trying to recoup a small plowshare of their lost savings. Shareholders lost billions of dollars when th e tenor price plummeted. Shareholders are cardinal of the snuff it groups to recoup any money from a failure register making their stock certificates worthless. Arthur Anderson LLP was found guilty of restraint of justice, although the finding of fact was later oerturned, and is no longer able to dress as Certified Public Accountants in the United States.

Lawsuits are pending against the company and they defecate lost their credibility with their customers. Employees of the company, over 80,000 people, moderate lost their jobs. (Frieswick, 2002) Over twenty senior executives of Enron have faced criminal cha rges and are serving prison terms. Since t! he executives knew beforehand of the report issues they were able to secure their profits from partnership deals and cope their stock before the price plummeted. Due to legal safeguard they behind maintain their home equity and annuities. (Greenhouse & Labaton, 2002) Public sentiency of accounting practices grew after the Enron collapse. The losses of the employees retirement...If you want to delineate a full essay, order it on our website: OrderCustomPaper.com

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