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Reputation as Opportunity and Risk

  • Carin Eriksson
  • Jan Lindvall

Abstract

For years, Enron was the peacock of Wall Street. In the era of deregulation, Enron was transformed from a boring pipeline operator to a risk-taking, worldwide trader of many different products. Enron was hailed as the business model of the future and Arthur Andersen was its auditors and supporters. On 16 October 2001, Enron released its disastrous third-quarter financial report, revealing more than $600 million in losses and a $1.2 billion reduction in shareholder equity. When the market learned that Enron made great losses and top managers had been profited for years at the company’s expense, Enron’s stock price and credit rating spiraled downward. Enron was soon filed for bankruptcy.

Keywords

Corporate Reputation Consultancy Firm Management Consultancy Global Firm Interesting Project 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Pervez Ghauri, Amjad Hadjikhani and Jan Johanson 2005

Authors and Affiliations

  • Carin Eriksson
  • Jan Lindvall

There are no affiliations available

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