Enron Company Description
Enron Creditors Recovery Corp (formerly Enron Corp.) which transformed itself from a gas pipeline operator into the world's #1 energy trader, is now bankrupt, selling off its remaining assets, and settling debts. Once the largest buyer and seller of natural gas and electricity in the US, Enron also traded numerous other commodities. Enron has sold its North American power utility and gas pipeline assets, and its global interests in utilities and power plants. In 2006 former executives Ken Lay and Jeff Skilling were found guilty of the charges in the corporate scandal that led to Enron's demise. Lay died suddenly and the conviction against him was vacated. Skilling was sentenced to more than 24 years in prison.
View the Comprehensive Company Description for Enron
The Company Description provides a historical perspective of Enron's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Enron's evolution in the marketplace.
