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Podcast: Today In History with The Retrospectors
Episode: The Enron Illusion
Description: Enron—the seventh-largest company in the U.S.—filed for Chapter 11 bankruptcy on 2nd December, 2001, marking the dramatic end of a business empire once hailed as unstoppable. What once looked like a financial juggernaut turned out to be a house of cards built on illusory profits, market manipulation, and sheer audacity. “Creative” accounting, including mark-to-market practices, had inflated their profits by booking future revenues as current earnings. In this episode, Arion, Rebecca and Olly explain how Enron emerged from a gas trading company to a dodgy corporate monolith; uncover the shady...