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Nonetheless, its downfall in 2001 uncovered common accounting fraud and led into the bankruptcy of the organization, leaving Many employees jobless and wiping out billions of bucks in shareholder benefit.
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Together with the help of Jeffrey Skilling, who was at first a expert and afterwards turned the corporation’s chief operating officer, Enron remodeled itself into a trader of energy spinoff contracts, acting as an intermediary in between pure gasoline producers and their buyers.
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Discuss the teachings that contemporary firms can learn in the Enron scandal to enhance their corporate governance and ethical specifications.
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