Discussion Post
Prior to beginning work on this discussion, read the article Enron Scandal: The Fall of a Wall Street Darling from Investopedia, the article Deconstructing Enron's Collapse from McCullough Research, and Enron's 2000 10-K Report retrieved from the SEC. The scandal of Enron Corp. shook Wall Street to the core and its collapse affected thousands of employees. At Enron's peak, the market price of its stock was worth $90.75 per share; when Enron declared bankruptcy on December 2, 2001, the stock was trading at $0.26 (Investopedia, 2018). For Enron's demise McCullough Research (2002) suggested three scenarios: (i) the Last of the Dot Coms, (ii) a Ponzi scheme, and (iii) Barings Bank.
In an initial post of a minimum of 100 words, discuss how Enron's superficial financial reporting combined with an indulgent financial environment have caused Enron's collapse.
The response should include a reference list. One-inch margins, Using Times New Roman 12 pnt font, double-space and APA style of writing and citations.