Is Enron making a comeback? Here is what we all know

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Enron, the Houston-based company that after dominated the power sector earlier than its notorious collapse in 2001, now claims to, in line with its web site, concentrate on sustainability, innovation, and ethics in addressing important power challenges.

The unhealthy practices 23 years in the past resulted in billions of shareholder {dollars} and 1000’s of jobs misplaced.

A submit on social media platform X had a caption that learn, “we’re again…can we speak?” 

As a part of their “pillars for imaginative and prescient,” their management group is concentrated on “setting a excessive commonplace for moral enterprise practices, transparency and sustainability…”and, “acknowledging the previous…on a renewed dedication to integrity..”

“As you learn the worker feedback, learn their objective, I began considering, “OK, The Onion purchased Enron’s brand, trademark and web site, and that is some satirical, ironic joke.

Get information, climate and a lot extra on the brand new FOX LOCAL app 

Identified internationally because the Enron whistleblower, former worker Sherron Watkins says, if the push to relaunch are professional, the corporate might have a steep hill to climb.

“No, I believe there isn’t any resurrecting that status and injury,” mentioned Watkins. “Having the Enron identify on the market simply raises consciousness of unhealthy company conduct. And so in a manner, it is good to have the dialogue and the dialogue round what makes a great firm.”

However below the phrases and situations of the newly launched web site, the knowledge is first amendment-protected parody, and is for leisure functions solely.

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