Enron was the seventh-largest company in America when it imploded in 2001, wiping out $74 billion in shareholder value and leaving 20,000 employees without jobs or retirement savings. Through a sophisticated web of off-balance-sheet entities and mark-to-market accounting, executives Jeff Skilling and Ken Lay concealed billions in debt and fabricated profits — all while selling their own stock. The collapse brought down auditor Arthur Andersen, triggered the Sarbanes-Oxley Act, and became the defining corporate fraud of its generation — a cautionary tale about what happens when a culture of arrogance and deception goes unchecked.
About The Ledger: Corporate scandal documentaries. Subscribe for stories about the people, decisions, and failures behind business collapses.
Learn More
📕 Ebook → ledgerwise2.gumroad.com/l/lwbgsf
🔍 Research Kit → ledgerwise2.gumroad.com/l/qvdtw
📅 Content Calendar → ledgerwise2.gumroad.com/l/rqnoah