Enron was an American energy company based in Houston, Texas, and was being one of the world’s leading electricity, natural gas, pulp and paper, and communications companies, with claimed revenues of nearly $101 billion in 2000. Until 2001, Enron claimed has employed approximately 22,000 people.

Enron has named as “America’s Most Innovative Company” by Fortune for six consecutive years. After its accounting fraud scandal revealed in 2001, Enron then become a popular symbol of willful corporate fraud and corruption. The scandal was also considered a landmark case in the field of business fraud and brought into question the accounting practices of many corporations throughout the United States.

In early 2007, Enron changed its name to Enron Creditors Recovery Corporation, to reflect its status as a (largely) asset-less shell corporation. Its current goal is to liquidate all remaining assets of the company. For most of 2007, Enron continued to operate under the name Enron Corp. by filing a Doing Business As, or “dba” certificate in Harris County, Texas.

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