Enron
18
7.1
- proper noun
- /ˈɛn.rɒn/
- Literature
- There were major corporate and accounting scandals like Enron, Adelphia, Tyco, and Worldcom which cost investors billions.
- the Enron scandal
- the Enron collapse
- Enron and WorldCom
Loading YouTube…
Watch on YouTubeThere's like a murder charge because things had changed dramatically after Enron in the United States.
- There's like a murder charge because things had changed dramatically after Enron in the United States.
- And he's charged with a violation of the Sarbanes-Oxley Act, which was, as you know, adopted after the Enron accounting scandal.
- Today the word Enron has become shorthands for deep corruption and massive fraud.
- Doing this meant that they were kept off Enron's books, making its losses look less severe than they really were.
- Well, the answer is a good old fashioned accounting scandal the likes of which we haven't really seen since the days of Enron.
- Jim Chanos, who's known for calling BS on Enron, gave up on shorting last year.
- The moment they had a ran into a problems with Enron scandal, the whole business folded.
- What they did is essentially set up a Ponzi scheme where they had Enron sell its subsidiaries.
- They went out of business, like actually out of business like a that Enron fraud sock.
- That was then reversed for what he did of the things he did, like Jack Smith in the Enron situation.
Examples
-
In the wake of major financial scandals of the twenty-first century, such as Enron and AIG, regulation in certain areas has been increasingly embraced.
Academic text (2018) -
In 2001, a demand/supply gap was created by Enron to create artificial power supply shortages.
Blog text (10) -
The vast majority of its employees had nothing to do with Enron but lost their jobs anyway.
Blog text (1) -
I heard the last time Washington, in the wake of the Enron scandal, promised to reform Wall Street.
Blog text (32) -
There was the Enron scandal, which likewise had clear causes and clear effects.
Academic text (2008) -
I remember when Enron happened and the national soul-searching that occurred in its wake.
Blog text (16) -
Today the word Enron has become shorthands for deep corruption and massive fraud.
-
Of course, incentives for internal controls flow from the Enron-inspired Sarbanes-Oxley Act.
Academic text (2003) -
Worries about big business actually peaked in 2002 after the scandals at Enron and WorldCom.
Blog text (24) -
The Enron scandal of 2001 exposed widespread corporate fraud and ultimately led to the company's collapse.
Surface Forms
Etymology
Enron is also used to mean the 2001 corporate fraud and bankruptcy; a helpful way to remember this is that the company's name became a symbol of 'corporate fraud'. So when people mention Enron they often mean a huge accounting fraud or collapse.