2006-10-04 15:19:08 · 2 answers · asked by Anonymous in News & Events ➔ Media & Journalism
The Enron Corporation Scandal. Bethany McLean of Fortune Magazine wrote the first story that criticized Enron and questioned its accounting in 2001 which was revealed that its reported financial condition was sustained mostly by institutionalized, systematic, and creatively planned accounting fraud. McLean writing caused bringing down of Enron.
Enron Corporation was an American energy company based in Houston, Texas, United States which was named by Fortune as "America's Most Innovative Company" for six consecutive years before the 2001 scandal. The faced bankruptcy in 2004 and sincethen became a popular symbol of willful corporate fraud and corruption. .
2006-10-04 17:15:00 · answer #1 · answered by ♥ lani s 7 · 1⤊ 0⤋
Bethany McLean's March 2001 article in Fortune titled, "Is Enron Overpriced?," was the first in a national publication to openly question Enron.
2006-10-04 22:22:50 · answer #2 · answered by Latrice T 5 · 1⤊ 0⤋