The+Enron+Scandal

Ann Presentation
__Results of meeting on 31 August__


 * **Topic** || **Content** || **Time** || **Slides** ||  ||
 * 1. The ENRON Company || This part serves as an introduction into the topic and includes a description of the company Enron before its downfall. || 2 min || 2 || Kathi ||
 * 2. Timeline of ENRON’s downfall || In order to show how the Enron scandal developed, this part will have a closer look on the most important events that finally led to the downfall of the company. || 8 min || 7 || Kathi ||
 * 3. The mechanics of the fraud || This part is meant to describe the measures taken at Enron to disguise losses, pump up profits and deceive investors and employees alike. || 8 min || 7 || Marc ||
 * 4. Impacts of the scandal ||  ||   ||   ||   ||
 * a. Arthur Andersen || The accounting firm Arthur Andersen fell as Enron did as it was found guilty of unlawful activities - even during the ongoing investigations. || 2 min || 2 || Marc ||
 * b. SOX || Introduced as a direct response to corporate scandals in the USA (mainly Enron and Worldcom), the Sarbanes-Oxley Act puts heavy pressure on corporations active in the US. || 7 min || 4 || Claudia ||
 * c. Societal impacts || Social impacts of Enron’s downfall were not only job losses that stroke especially Enron’s and Arthur Andersen’s employees. The quick decline in the value of Enron stock affected also their retirement savings and those of thousand of other Americans who were not directly connected with the company. || 3 min || 1 || Claudia ||  ||
 * 5. The trial || This part demonstrates which legal consequences the scandal had. It describes the trial timeline with the most important legal decisions, penalties and people in charge. || 10 || 5 || Ann ||  ||
 * 6. Conclusion ||  ||   ||   ||   ||   ||

Return to Project preparation