The Sarbanes-Oxley Act of 2002
The Sarbanes-Oxley Act of 2002
The Sarbanes-Oxley Act of 2002
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
1986<br />
<br />
<br />
Company moves headquarters to Houston, where Ken Lay lives. Enron is both a<br />
natural oil and gas company.<br />
Enron's vision: To become the premier natural-gas pipeline in America<br />
1987<br />
Enron Oil, Enron's flourishing petroleum marketing operation, reports loss <strong>of</strong> $85<br />
million in 8-K filings. True loss <strong>of</strong> $142 – $190 million is concealed until 1993.<br />
Two top Enron Oil executives in Valhalla plead guilty to defraud and to filing false<br />
tax returns. One serves time in prison.<br />
1988<br />
<br />
<br />
<strong>The</strong> Company's major strategy shift - to pursue unregulated markets in addition<br />
to its regulated pipeline business- is decided in a gathering that became known<br />
as the Come to Jesus meeting.<br />
Enron enters UK energy market and becomes the first U.S. company to construct<br />
a power plant in Great Britain after electric industry there is privatized. <strong>The</strong> power<br />
plant in located in Teesside, UK.<br />
Page 47 <strong>of</strong> 208
Change language