article thumbnail

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.

Price 8
article thumbnail

StrategyDriven Editorial Perspective – Negotiations and the Divided Government

Strategy Driven

The second objective of all three parties was the avoidance of a credit rating downgrade. At the time (prior to the actual downgrade), the threat of a credit downgrade forced all three parties to the negotiating table. This made the Tea Party the most powerful, if not the smallest in number, negotiator at the table.