Enron
Noun
Meaning
Enron (plural Enrons)
The events that led up to the bankruptcy of the Enron Corporation, or by extension any similar events.
Anagrams
Examples
19 days after the prize was awarded to Greenspan, Enron declared bankruptcy.
Also, Lay's wife, Linda, was accused of selling 500,000 shares of Enron stock totaling $1.2 million on November 28, 2001.
An advancing price meant a continued infusion of investor capital on which debt-ridden Enron in large part subsisted (much like a financial "pyramid" or " Ponzi scheme ").
A new board of directors changed the name of Enron to Enron Creditors Recovery Corp., and emphasized reorganizing and liquidating certain operations and assets of the pre-bankruptcy Enron.
Another major development inside Enron was the beginning of the company's pivot to overseas that was expanded upon in the 1990s.
At the time of its bankruptcy filing during December 2001, Enron was structured into seven distinct business units.