Date: 25-02-2019
Source: The Wall Street Journal
Subject: As Ex-Enron CEO Exits Prison, Some of Company’s Old Businesses Thrive

Companies built from pieces of the scandal-plagued energy giant have become industry leaders

Enron is a symbol of corporate fraud and excess since the Houston-based energy conglomerate collapsed nearly two decades ago.

Former Enron Corp. Chief Executive Jeffrey Skilling has been released from federal custody after serving more than 12 years in prison for his role in one of the biggest business scandals in American history. He re-enters a world in which some of the businesses built from his old company’s less appreciated assets have become formidable in their own right.

Enron is a symbol of corporate fraud and excess since the Houston-based energy conglomerate collapsed nearly two decades ago amid questions about its accounting practices. Mr. Skilling, who was released Thursday according to the Federal Bureau of Prisons, was among several executives who faced criminal charges after the company filed for bankruptcy in 2001.