Enron 10th Anniversary Coverage on Nightly Business Report
Enron was one of the biggest frauds in history, bringing down what was once the nation’s seventh largest company valued at $70 billion. The once giant energy company filed for bankruptcy on December 2, 2001, leaving thousands of people out of work and thousands of investors holding what had quickly become a penny stock. The investment had been worth $70 a share, just months before. As we count down to the anniversary Nightly Business Report looks at what happened to Enron, and how its implosion changed the energy and accounting professions and the impact its demise had on the city of Houston. Join us at 5:30 p.m. on Channel 8 for a complete week of coverage starting Monday, November 28, 2011.
Andrew Schneider from our bureau at HoustonPBS, talks with former Enron employees about what it was like inside Enron as the energy giant’s ship started sinking.
Commentary with Allan Sloan “Enron: Lessons Learned or Lost?”
Andrew Schneider from HoustonPBS looks at the impact of the energy giant’s demise on Houston.
Darren Gersh reports on regulation post-Enron and the passage of Sarbannes-Oxley.
Arthur Andersen was Enron’s accounting firm. When Enron went down Andersen followed suit. Diane Eastabrook reports on the fallout of Enron on Andersen employees and how some have rebuilt their careers.
Friday, December 2- 10 year anniversary of Enron’s bankruptcy
NBR has a live interview with Enron whistleblower Sherron Watkins from our bureau at HoustonPBS. She’s the Enron vice president who told CEO Kenneth Lay in August 2001 that Enron's questionable dealings could cause the powerful corporation to collapse. Her claims were investigated, but ultimately ignored. She told Congress that Andrew Fastow and Jeffrey Skilling were likely to blame for Enron's fall.
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