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Friday, 12/16/2005 10:49:23 PM

Friday, December 16, 2005 10:49:23 PM

Post# of 508
Has anyone mentioned the big kahuna of them all - ENE?

Enron Corporation (Stock ticker: ENE) is an energy company based in Houston, Texas. Prior to its bankruptcy in late-2001, Enron employed around 21,000 people and was one of the world’s leading electricity, natural gas and communications companies with claimed revenues of $101 billion in 2000. Fortune magazine named Enron "America’s Most Innovative Company" for six consecutive years. It became most famous at the end of 2001 when it spectacularly failed, revealing it was sustained by and large by institutionalized, systematic and well-planned accounting fraud. Its European operations filed for bankruptcy on November 30, 2001, and it sought Chapter 11 protection in the U.S. two days later, on December 2. It still exists mostly to operate what property it has left, carry out bankruptcy proceedings and respond to legal challenges. It has since entered the common conscious as a symbol of corporate fraud and corruption.

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