A Classification of American Wealth
History and genealogy of the wealthy families of America - Sponsors


 Part 1 : Colonial and Mercantile America  Part 2 : America in the Gilded Age
 Part 2 : America in the Twentieth Century  Encyclopedia of American Wealth

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  Part III - Chapter 18 : CEOs  > The Enron Story  :  « Previous  1 - 2 - 3 - 4 - 5 - 6 - 7 - 8 - 9 - 10 - 11 - 12   Next »

  Enron : Climax of executive greed and deception 

Page entitled : Enron's sliding share price amid increasing insider selling

Content of this page is about :
How the Dabhol disaster and losses at Enron Broadband Services put pressure on the share price, whose sliding was accelerated by insider sales, spelling doom on Enron.


Extract :
... the most serious threat to Enron at that time was its falling share price. The reason lay in the financial structure of Andrew Fastow’s special purpose entities, which were all essentially guaranteed with Enron shares to be issued in the future. As the Enron share price slid, the self-induced spiral was suddenly headed down and the SPEs credit was rapidly impaired, spelling doom on the corporation, as was forced to unwind these vehicles at great cost ...

 

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