|Front Page | In-depth | Business | The Enron affair|
The collapse of energy giant Enron is the largest bankruptcy and one of the most shocking failures in United States corporate history.
In just a little over 15 years, Enron grew into one of the US’s largest companies. It embraced new technologies, established new methods of trading in energy and seemed to be a shining example of successful corporate America.
But the company’s success was based on artificially inflated profits, dubious accounting practices, and – some say – fraud.
BBC News Online describes the dramatic rise and fall of what was one of America’s corporate stars.
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