Enron Bankruptcy
The December 2001 collapse of America's seventh-largest corporation, the largest bankruptcy filing in U.S. history at the time.
2001
4 entries
E
R
Retention Bonuses and the 401(k) Lockout
Enron's controversial $55-58 million in retention bonuses paid to 500 employees just before bankruptcy, while 4,500 workers lost their jobs and saw retirement savings decimated during a 401(k) lockout.
T
The Enron Stock Price Collapse
Enron's stock price fell from its all-time high of $90.75 in August 2000 to $0.26 by November 30, 2001 -- a 99.7% decline over 16 months that destroyed $70 billion in market capitalization, wiped out $2.1 billion in employee pension plans, and eliminated 5,600 jobs.
The Failed Dynegy Merger
The proposed $9 billion merger between Dynegy and Enron that collapsed after 19 days, removing the company's last path to survival and triggering the largest bankruptcy in U.S. history.