Enron Files for Bankruptcy: America's Largest Corporate Fraud Unfolds
Enron filed for Chapter 11 bankruptcy, instantly wiping out billions in shareholder value and triggering a cascade of job losses across the energy sector. This collapse exposed massive accounting fraud that forced Congress to pass the Sarbanes-Oxley Act, fundamentally overhauling corporate governance and financial reporting standards for decades.
December 2, 2001
25 years ago
What Else Happened on December 2
Pope Innocent IV arrived in Lyon to escape the suffocating political pressure of Holy Roman Emperor Frederick II, turning the French city into the temporary hea…
The University of Leipzig opened because German masters at Prague got tired of being outvoted 3-to-1 by Bohemian colleagues. King Wenceslaus IV had just flipped…
Sir Christopher Wren's St Paul's Cathedral rises from the ashes of the Great Fire, finally receiving its consecration on this day. The new structure replaced th…
Christopher Wren watched his cathedral open after 35 years of construction — he was 65, had survived the Great Fire that leveled the old cathedral, fought with …
The keeper's wife lit a candle to inspect the lantern room. Within minutes, flames had engulfed John Smeaton's wooden tower — the one that had replaced the orig…
The building still stands. But in 1763, Newport's Jewish congregation numbered maybe 58 families — Portuguese and Spanish refugees who'd fled the Inquisition th…
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