Month: February 2002

When the Internet bubble burst, Tom Cunningham's start-up companies were hit hard, but they survived by re-focusing on business fundamentals. Enron wasn't so fortunate.

Enron, at one time the nation's seventh-largest company by revenue, is bankrupt today because of speculation. Enron executives used entirely legal but unsound accounting tricks and financing schemes to push up its stock price and cash in on the biggest bull market in history. A New York Times article summed it up: Enron “was not much of a company, but its executives made sure it was one hell of a stock.”