Phil Corrado
Phil's latest writings
Why Did Enron Fail?
In 1985, Houston Natural Gas merged with InterNorth, a Nebraskan pipeline company, to form Enron. Enron, however, incurred massive debt as a result of the merger and the recent deregulation of pipelines, and had to come up with a way to generate profits and cash flow. A young consultant named Jeffrey Skilling helped CEO Kenneth Lay by coming up with a innovative idea known as a "gas bank" in which Enron would by gas from a network of... (posted by Phil 3 years 288 days ago.)
In 1985, Houston Natural Gas merged with InterNorth, a Nebraskan pipeline company, to form Enron. Enron, however, incurred massive debt as a result of the merger and the recent deregulation of pipelines, and had to come up with a way to generate profits and cash flow. A young consultant named Jeffrey Skilling helped CEO Kenneth Lay by coming up with a innovative idea known as a "gas bank" in which Enron would by gas from a network of... (posted by Phil 3 years 288 days ago.)
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