Topic > Power Failure: The Secret History of How Enron... the ambition and arrogance that fueled Enron's rise – and the internal rivalries and financial shenanigans that led to the company's collapse. In the late 1990s, Enron was hailed as the model company of the new economy.” (Power Failure: The Inside Story of How Enron's Culture of Arrogance and Greed Led to The Big Bankruptcy in American History, Author: Swartz, Mimi With: Watkins, Sherrin) Enron was a new economy company and is considered one of the most innovative companies companies in the United States. Ranked 7th before bankruptcy, it has expanded into a mega business in just 15 years. The company declared bankruptcy in order to be able to reorganize its activities protected from creditors. The company has been accused of contributing corporate funds to political campaigns and influencing politicians through it, trying to influence national energy policy, not paying income tax for the past four years despite...
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