Prior to beginning work on this discussion, read the article from Investopedia, the article from McCullough Research, and retrieved from the SEC. The scandal of Enron Corp. shook Wall Street to the core and its collapse affected thousands of employees. At Enron’s peak, the market price of its stock was worth $90.75 per share; when Enron declared bankruptcy on December 2, 2001, the stock was trading at $0.26 (Investopedia, 2018). For Enrons demise McCullough Research (2002) suggested three scenarios: (1) the Last of the Dot Coms, (2) a Ponzi scheme, and (3) Barings Bank.
In an initial post of a minimum of 100 words, discuss how Enrons superficial financial reporting combined with an indulgent financial environment have caused Enrons collapse.
Guided Response: Review several of your peers posts. In a minimum post of at least 100 words, respond to at least two of your fellow students posts in a substantive manner, and provide information that they may have missed or may not have considered in regards to the collapse of Enron. Do you agree with their conclusions? Why or why not? You are encouraged to post your required replies earlier in the week to promote more meaningful and interactive discourse in this discussion forum. Continue to monitor the discussion forum until 11:59 p.m. (Pacific Time) on Day 7, and respond with robust dialogue to anyone who replies to your initial post.
