is this straight? i jsut finished writting this,
Enron; a Disgrace to Business
Enron’s demise unquestionably brought attention to America’s current abominable and thickheaded addiction to money. Enron executives flawlessly suppressed from the public, their true ignorance in setting any reasonable limits dealing with self-indulgence. At the pinnacle of its power, Enron Corporation was yielding annual net profits exceeding $100 billion dollars a year; through trading contracts around the globe for oil, gas, electricity, and other commodities, from there pristine, gleaming 50-story office tower in Houston, Texas. Don’t get me wrong, there is nothing fallacious with living a lavish lifestyle full of opulence and decadence but; Enron bigwigs carelessly blew in excess of $50,000 a month in self appeasements. Personally, spending bills in a fashion proportionate to Enron’s executives is inconsequentially unreasonable . I myself am a firm disbeliever in over-the-top displays of you’re riches. Be it clean or dirty money, over-the-top spending is fruitless in a world satiated with misfortune. Enron’s money was filthier than a landfill. Ever since Enron’s predictions of future events went sour, Enron executives set up side companies, called subsidiaries, many of them outside the United States, where government oversight is weak. With names like JEDI, plucked from Star Wars, or Raptor II, the side companies became a place for Enron to hide debts, losses, and bad business deals. As a result, the company's profits looked far bigger than they really were. The explanations behind Enron’s enormous profits are unlawful, and shamelessly vicious. Since 1989, Enron has donated $6 million to members of Congress. The recipients included half the members of the House and three quarters of the Senate. Unbelievably, Enron has yet to be found guilty of bribing the government. Surprisingly, the company won key changes in past federal law that allowed it to expand its operations. One of several major changes came in 1997, when the SEC granted Enron an exception to a law written to prohibit companies from hiding losses in offshore accounts, precisely what Enron then did. Knowingly, Enron disastrously covered up from the public the fact the company was near bankrupt. Arthur Anderson, an accountancy firm was hired by Enron to keep hundreds of millions of dollars in debt off its books through auditing Enron’s accounts. Enron was found guilty of “cooking the books.” Sure, fancy cars, expensive food, and attractive women are great, but Enron desecrated thousands of their employee’s lives. Thousands of Enron workers lost their jobs. Hundreds of thousands of investors with Enron stock lost their money. The entire stock market shuddered, costing millions of people nationwide, since about half of all Americans own stock. Enron proves that there must be limits set to American greed, and to never distress innocent people in you’re quest for money stacks, cause in the end, karma will catch up to all manipulative unethical doings.