In 2000, American energy, commodities, and services company Enron repeatedly told investors to buy additional Enron stock or hold onto their existing shares. During this time, company executives were aware of hidden losses that were not known by the public and sold their shares of the company. Which of the following best describes Enron's actions during this time?

Question

Quizplus · Accepted Answer

Enron lacked transparency by not providing accurate financial information to customers and investors, and executives sold their shares while being aware of hidden losses not known by the public. This behavior was unethical and led to the collapse of the company and the loss of billions of dollars for investors.

In 2000, American Energy, Commodities, and Services Company Enron Repeatedly