ENRON is a poster child for shareholder wealth and destruction and bad behavior. This case describes the
companys strategy, internal and external governance to allow students to understand why the company
failed. 

Address the following questions:
1. Why was Enron so admired?
2. Why did the company fail?
3. Why were the companys internal checks and balances and incentive systems unable to prevent
its demise?
4. Why did the external auditors and board of directors fail to prevent Enrons future?