Create a 1 page page paper that discusses the financial picture of enrons report. The firm reported $1 billion in earnings in 2000 which did not exist. The fact that most investors were institutionalized investors shows that the Enron fraud was very well covered. Institutionalized investors are supposed to be able to decipher when a company is generating funny money. One of the biggest victims of the Enron scandal was the employees of the company. The company set up a pension fund that matched employee contributions with Enron stocks. The pension plans that employees had worked for on many instances over 20 years became worthless overnight when the scandal broke out. The company’s stock in 2001 after the revelation of the scandal that led at the time to the biggest bankruptcy in U.S. history went down to $0.40 from its all-time high of $90 a year earlier.
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