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n the year between 2001, beginning Enron's shady business dealings started becoming clear.Investors' initial anxiety over falling share prices became suspicions about its accounting methods after they discovered Enron's revenue went down.A major flag was raised when CEO Jeffrey Skilling unexpectedly stepped down less than two years into his office in August 2001, raising more concerns regarding the company's economic status which were hitherto unknown.
n the year between 2001, beginning Enron’s shady business dealings started becoming clear. Investors’ initial anxiety over falling share prices became suspicions about its accounting methods after they discovered Enron’s revenue went down. A major flag was raised when CEO Jeffrey Skilling unexpectedly stepped down less than two years into his office in August 2001, raising more concerns regarding the company’s economic status which were hitherto unknown. This was the most foreboding warning sign. According to Enron’s declaration made during October 2001, it would take an after-tax one-off charge against earnings of 1 billion dollars. Just few weeks later, Securities and Exchange Commission started investigating Enron’s accounting practices. On December 2nd, 2001, Enron plunged into a bankruptcy that was said to be the largest in the history of America.
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