Enron - Essay Examples and Topic Ideas

Enron was formed as an energy producer in 1985, after a merger between InterNorth Inc. and Houston Natural Gas (Segal 2018; BBC, 2006). Enron became an energy trader and ended up an energy bank, providing products and services such as natural gas, electricity, and communications for its wholesale and retail customers (BBC, 2006; Ferrell, Fraedrich & Ferrell, 2011). From the start Enron had financial difficulties, but the 1988 deregulation of the electrical power markets, allowed the company to redefine its business from energy delivery to energy broker (Sims & Brinkmann, 2003). This again transformed Enron from a surviving company to a thriving one and in just 15 years it grew from no place to end up America’s seventh largest company, employing 21,000 staff in more than 40 countries (Sims & Brinkmann, 2003; BBC, 2006). Enron was also named America’s Most Innovative Company by Fortune magazine for six consecutive years from 1996 to 2001 (Segal 2018; BBC, 2006).

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