Management Essay Example | Topics and Well Written Essays - 500 words - 2

focal point - Essay ExampleEnron was a Fortune 500 company and was in 7 in 2001 was deleted from radical York Stock Exchange. According to the mangers of Enron who reviewed the accounts of the company, during California energy crisis Enron has kept undisclosed reserves of up to $1.5 billion in trading profits.Enron came under fire from politicians of price gouging. The hidden reserves would have doubled the Enrons report profits. It is overly reported that Enron manipulated reports on reserves to have steady profit growth to Wall Street and realisation rating agencies. The executives also claimed that the reserves were held back and used to fulfil the political and financial ends.In 1990 Enron reported its total revenue as $10 billion and in the next subsequent ten old age it grew by $101 billion. It emerged as one of the fast growing companies in the United States. The main reasons for its gift is not due to the core energy operations but the companys new ventures in dot com arena and investments Internet and communication business.According to investigators of the security of exchange commission gone into investigate the case, have interviewed witnesses to accrue to a conclusion that the methods or practices violated the laws for doctoring quarterly earning refers to start cookie jar reserves. The existence of Enron reserves puts strange twist to it.