The Enron Corporation was an American energy, commodities, and services company. This company was considered to be one of the word's most innovative companies before it became bankrupt in December of 2001. This is because the company admitted that it had misstated its income and that its equity value was a couple billion dollars less than its balance sheet said. This company had made many partnerships with companies that it created, and it used those partnerships to hide huge debts and heavy losses on its trading business. Because of this downfall, Enron's 20,000 employees had to fight for their jobs.
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