In October 2001 the tables were turned again and Ken Lay returned as chief executive officer with Jeff Skilling having resigned in August. Shortly afterwards in 2002 investigations into corporate crimes and accountancy fraud were initiated on Enron leading to sharp share prices fall and the collapse of the Enron empire. (Brief history of Enron Corporation - the biography of a corporate disaster) The activities of Enron were not restricted to the U.S. And United Kingdom alone but rather it was spread all over the world. In Argentina Enron was involved in the development and laying of a pipeline system. In India Enron was to set up the largest power project in the history of the country at Dabhol Maharastra. This project later turned sour. Enron had interests in the energy sector in Guatemala, where it created and owned fifty percent of Puerto Quetzal Power Co. In the Phillipines Enron owned and operated the Batangas and Subic Bay power plants. In Trinidad and Tobago Enron owned oil and gas fields and was in the process of developing it. In Venezeula Enron owned gas fields and was into natural gas extraction. In Colombia Enron operated the Promigas pipeline project.

In Mozambique Enron gained control of the gas fields and proposed building a pipeline to transport gas to South Africa. In Turkey Enron owned fifty percent of a power plant. Enron owned fifty percent of the power plant that was financed by the World Bank in the Dominican Republic. In China, Enron operated a power plant. Enron had a major stake in the pipeline from Bolivia to Brazil. Enron owned the Bahia las Minas power plant in Panama. Enron was to open up the oilfields in Uzbekistan. Enron owned a power plant in the occupied territories of Palestine. In Indonesia Enron owned a gas fired power plant located at Java. In Nicaragua Enron owned a power plant. In Vietnam Enron was into the proposed power projects. Enron had plans to generate power...

(Chronology of Enron's Empire)
Thus founded in 1984 towards the end of its realm Enron Corporation had morphed into one of the largest U.S. corporations with $100 billion in revenue, $60 billion market value and twenty thousand employees worldwide. This phenomenal growth was made possible by the use of new market strategies that tilted towards knowledge and innovation in place of traditional ownership of physical assets. The central strategy at Enron was to totally use the financial and derivatives in the market to acquire commodities that anybody wanted to sell and dispose it at a profit to anyone who required it. This started with oil and natural gas and then just expanded into electric power generation and pipeline capacity, broadband communication, and freight capacity of modular containers. All these were the factors that were responsible for Enron's growth and corporate greed led to its downfall. (How it Mediates Organizations: Enron and the California Energy Crisis)

Bibliography

Chatterjee, Pratap. (2000) "Meet Enron, Bush's Biggest Contributor." The Progressive. Retrieved at http://www.progressive.org/pc0900.htm. Accessed on 11/29/2004

Chronology of Enron's Empire." Retrieved at http://www.corpwatch.org/article.php?id=2278Accessed on 11/29/2004

Ekbia, Hamid R. "How it Mediates Organizations: Enron and the California Energy Crisis." Retrieved at http://itment.cba.hawaii.edu:82/phpworkshop/jodi/ekbia/Ekbia-B.htm. Accessed on 11/29/2004

ENRON: Who's who" Retrieved at http://news.bbc.co.uk/hi/english/static/in_depth/business/2002/enron/2.stm. Accessed on 11/29/2004

Siylak, Sven. (2002) "Brief history of Enron Corporation - the biography of a corporate disaster." University of Rhode Island Providence. Retrieved at http://www.photofora.com/eugene/stuff/ENRON.htm. Accessed on 11/29/2004