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Assignment
ENRON is a poster child for shareholder wealth and destruction and bad behavior. This case describes the company's strategy, internal and external governance to allow students to understand why the company failed.
Address the following questions:
A. Why was Enron so admired?
B. Why did the company fail?
C. Why were the company's internal checks and balances and incentive systems unable to prevent its demise?
D. Why did the external auditors and board of directors fail to prevent Enron's future?
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