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Credit-Downgrade

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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.