The company's success was due to an elaborate scam ranging from shady dealings to hidden debts. (The Enron scandal in brief, 2002). The year 2001 was pivotal in revealing the depth of this deception. In August of that year, company CEO Jeffery Skilling announced his departure, after having served as CEO for six months. The unexpected resignation was followed by many stakeholders selling large amounts of Enron stock as the price continually fell. It reached a point where it was selling less than a dollar from a high price of $90 per share. (Folger, 2011) After October Enron reported a loss of $618 million, its first quarterly loss in four years. (The Rise and Fall of Enron: A Brief History, 2006. The SEC opens a formal investigation into Enron's dealings so they can gain insight into the activities that took place that led to the company suffering an abnormal loss . Everyone tries to sell the company's stock ceased because there was too much debt in the company that had not been disclosed. In December, Enron filed for bankruptcy protection with an outstanding debt of $38 million (Folger).,

Topic > The company's success was due to an elaborate scam ranging from shady dealings to hidden debts. (The Enron scandal in brief, 2002). The year 2001 was pivotal in revealing the depth of this deception. In August of that year, company CEO Jeffery Skilling announced his departure, after having served as CEO for six months. The unexpected resignation was followed by many stakeholders selling large amounts of Enron stock as the price continually fell. It reached a point where it was selling less than a dollar from a high price of $90 per share. (Folger, 2011) After October Enron reported a loss of $618 million, its first quarterly loss in four years. (The Rise and Fall of Enron: A Brief History, 2006. The SEC opens a formal investigation into Enron's dealings so they can gain insight into the activities that took place that led to the company suffering an abnormal loss . Everyone tries to sell the company's stock ceased because there was too much debt in the company that had not been disclosed. In December, Enron filed for bankruptcy protection with an outstanding debt of $38 million (Folger).,