(AKA "Books") to make itlook like they were growingĪnd hugely profitabletherefore attracting a lot ofinvestors. The company s marketcapitalization approached $30billion in August 1999Įxceeded $60 billion in September2000 after tripling net income inApril 2000 EnronOnline handled$27 billion worth of transactionsĮnron became the 7th largestcompany in America under Lay andSkilling, with a marketĮnron was a huge companythat faked their recordkeeping The company s earnings grew bydouble digits every year for many years In trading gas, electricity, broadbandand even weather-related derivatives It became the largest natural gas andelectricity trader in North America Enron was formed in the mid-1980s byKen Lay, from the former NorthernNatural Gas Co., a large interstatepipeline
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