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Skilling also steadily modified the culture of the business to emphasise aggressive buying and selling. He hired top candidates from MBA courses around the country and designed an intensely aggressive setting inside of the company, through which the focus was more and more on closing as several dollars-building trades as possible from the shortest length of time.
Downfall and individual bankruptcy: As being the growth many years ended and Enron faced increased competition inside the Strength trading business enterprise, the corporate’s earnings shrank fast. Under pressure from shareholders, enterprise executives began to rely on doubtful accounting methods, including a method known as “mark-to-marketplace accounting,” to cover the difficulties.
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