Reflection: Enron Corporation Video

Reflection: Enron Corporation
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Reflection: Enron Corporation
In the video, ColdFusion provides a detailed explanation of the rise and fall of Enron Corporation that went down as the worst scam in the history of corporate America. Founded in 1985 by Kenneth Lay, Enron transitioned from an energy and power company to a broadband and weather trading company. ColdFusion pins the rise and fall of Enron to its executive leadership, starting from the founder Kenneth Lay who used his political connection to pursue malicious ambitions. First, Jeffrey Skilling, a skilled accountant, took charge of the company as the CEO, and the company took a turn for the worst despite its rapid growth. Next, Skilling instilled a culture of aggressive trading among the company employees, and the installation of Andy Fastow as the company CFO, a fellow with no moral compass, marked the epitome of Enron’s fraudulent trading. Then, with Ken...