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Wordcount: 1058
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what happen to enron
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WHAT HAPPENED TO ENRON
Enron was created in 1985 when InterNorth of Omaha acquired Houston natural gas. The
combination created the single largest operator of gas pipeline in the United State.
Kenneth J. Kay was named CEO of the combination in February 1986.The Combine
company was named Enron. Ken Lay instantly became the fifth highest paid CEO in the
United Stated. Working closely with his chief operating officer (COO), Rich Kinder, Ken
Lay undertook a rapid growth strategy for the newly created as named company.
On December 2, 2001, Enron Corporation filed for bankruptcy protection under chapter
11, one of the most highly publicized debacles, settlement, criminal chargers, civil
Charges and workouts will
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