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How Share-Price Fixation Killed Enron

Harvard Business Review

It appears that Enron''s final fatal mistake was to try to support its stock price instead of living up to key contractual obligations required to maintain its credit rating. was the largest trader of natural gas and electricity, owned the largest wind power company, and owned a large electric utility in the Northwest. What caused Enron''s bankruptcy was, quite simply, the loss of its investment-grade credit rating. Ethics Failure Finance