Enron - the crooked E

what happened in the ENRON scandal

• the company cooked the books sand pulled of shady accounting tricks

• the company donated its funds with its custumers

• lost of income to the shareholders

who founded the company

• Bill gates

• Ken Lay

• Jeffrey Skilling

how did ENRON trick people to invest in their stocks

• used mark to market accounting( recognizing profit that is not profit)

• they put their liabilities in other side companies

• auditors were bribed

• all of the above

what rules are made after the incident

• All auditors have been fired to prevent future scandals

• auditors have stricter rules and CEO and CFO have to certified statements to prevent backing out

• All energy companies have put to shutdown for inspection if other energy companies are included

Enron had connections with:

• George W. Bush

• Steve Jobs

• Mark Zuckerburg

• all the above

The first sign of trouble was:

• selling fake stocks

• traders moving money into fake accounts

• market to market accounting

• making fake deals

Jeff Skilling created competition by:

• giving stocks away

• implementing an employee rating system

• creating a 401K system

• none of the above

The accounting firm that did the (ethically and financially flawed) audits for Enron was:

• Price Water House

• Auther Anderson

• Ernst & Young

• Deloitte & Touish

The company motto was... (ironically)

• Who did it?

• Ask Why?

• When Investment doesnt work?

• Today?

The employees of Enron were advised to buy ______________.

• insurance

• stocks

• certificates of retirement

• company apparel