Topic > Enron: The Smartest Guys in the Room - 552

Thirteen years ago, the world's largest energy company experienced the biggest accounting scandal of the century. The company was called Enron and was doing very well in business but unfortunately, after the company's executives made many bad decisions, Enron went bankrupt. Enron executives were essentially gamblers in the stock market. They took terrible risks and misreported their financial position to encourage people to invest in their stocks. When stocks crashed in 2001, these people fell victim to the lies and misleading information reported by Enron. Ultimately, Enron had reached the point of no return and was bankrupt. Arthur Andersen was a company that played a significant role in the collapse of Enron. Arthur Andersen is an accounting firm founded in 1913 and headquartered in Chicago, Illinois. The founder, Arthur Andersen, was born in 1885 in a small town in Illinois. After struggling through school and work as a young orphan, he founded the company with Clarence DeLany. They soon became a very successful business thanks to Andersen's abundance...