The Twisted Tale Of The Crooked E.
On 2 nd December 2001, America’s 7 th largest corporation filed for Chapter 11 bankruptcy protection. And it broke Wall Street’s heart. This was a company that had been the blue-eyed boy of the stock markets for the better part of a decade, a global giant that had literally risen from nothing and had gone on to become a titan and bellwether of its industry, much to the utter delight of Wall Street. And the bourses had long placed the company on a pedestal. It was a juggernaut that could literally do no wrong, a company that was governed by some of the most brilliant, celebrated and capable men that America Inc. had ever known. The entity in question had taken the oil-and-gas and energy sectors by storm and it had single-handedly managed to revolutionize the once-lacklustre industries. It had taken over 15 years for America’s most innovative corporation to grow to a size of $70 billion. All it took for the company to go bankrupt was 24 days. And did it go down qui