From humble origins as a natural gas distributor, Enron became a trading operation with the Midas touch. It made bets on oil, water, Internet traffic, even the weather. Wall Street's brightest worked there. Its stock tripled in two years.Virtually no one knew how it had made so much money.Ten years ago Friday came the answer: It hadn't.
December 05, 2011 at 12:00 AM
1 minute read
From humble origins as a natural gas distributor, Enron became a trading operation with the Midas touch. It made bets on oil, water, Internet traffic, even the weather. Wall Street’s brightest worked there. Its stock tripled in two years.
Virtually no one knew how it had made so much money.
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