What goes up must come down – or at least, that was the case for energy company Enron, which reached great heights before its catastrophic collapse. At the time of its demise, Enron was one of America’s largest corporations, and its closure affected the lives of 22,000 employees.
It seems hard to believe the company fell from grace so soon after making $111 billion in revenues in 2000. That's because it transpired that company leadership had used off-the-books accounting to overstate profits and hide its debts. When analysts became suspicious, shares dropped, going from a peak of $90.75 in August 2000 to just $0.67 in 2002.
Enron is now only remembered as a symbol of corporate corruption and fraud.
• 100% chino cotton twill
• Unstructured, 6-panel, low-profile
• 3 ⅛” crown
• Adjustable strap with antique buckle
• Head circumference: 20 ½” - 21 ⅝”