Enron: The Loophole to Bankruptcy | Multi Level Monday
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Enron's CEO, Ken Skilling, Resigned in the Summer of 2001
Skilling resigned as CEO almost out of the blue in the summer of 2001 citing personal reasons. The day after Skilling left, Sharon Watkins sent a letter to Ken Le, chairman turned CEO. Fasto had gambled Enron's future on an idea that its stock would never fall, but his numbers didn't add up. Their accounting firm, Arthur Anderson, began shredding files, about one ton worth of paper.
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