{"id":2619,"date":"2011-12-01T13:55:19","date_gmt":"2011-12-01T19:55:19","guid":{"rendered":"http:\/\/stateimpact.npr.org\/texas\/?p=2619"},"modified":"2011-12-01T14:01:15","modified_gmt":"2011-12-01T20:01:15","slug":"enron-ten-years-later","status":"publish","type":"post","link":"https:\/\/stateimpact.npr.org\/texas\/2011\/12\/01\/enron-ten-years-later\/","title":{"rendered":"Enron, Ten Years Later"},"content":{"rendered":"<div id=\"attachment_2646\"  class=\"wp-caption module image right\" style=\"max-width: 300px;\"><a class=\"fancybox\" title=\"Former Enron CEO Jeffrey Skilling outside court in Houston in 2006. He was sentenced to 24 years and four months in prison for his role in deceiving investors.\" href=\"http:\/\/stateimpact.npr.org\/texas\/files\/2011\/12\/72245309.jpg\" rel=\"\"><img decoding=\"async\" loading=\"lazy\" class=\"size-medium wp-image-2646\" title=\"Jeffrey Skilling Sentenced In Enron Trial\" src=\"http:\/\/stateimpact.npr.org\/texas\/files\/2011\/12\/72245309-300x198.jpg\" alt=\"\" width=\"300\" height=\"198\" srcset=\"https:\/\/stateimpact.npr.org\/texas\/files\/2011\/12\/72245309-300x198.jpg 300w, https:\/\/stateimpact.npr.org\/texas\/files\/2011\/12\/72245309-220x145.jpg 220w, https:\/\/stateimpact.npr.org\/texas\/files\/2011\/12\/72245309.jpg 594w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><p class=\"wp-media-credit\">Photo by Johnny Hanson\/Getty Images<\/p><p class=\"wp-caption-text\">Former Enron CEO Jeffrey Skilling outside court in Houston in 2006. He was sentenced to 24 years and four months in prison for his role in deceiving investors.<\/p><\/div>\n<p>This week marks the tenth anniversary of Enron&#8217;s collapse. The Houston energy company took down thousands of jobs, billions of dollars, and a good chunk of the stock market with it.<\/p>\n<p>But as <a href=\"http:\/\/app1.kuhf.org\/houston_public_radio-enron_10th_anniversary.php\">Andrew Schneider reports<\/a> for StateImpact Texas radio partner KUHF this week, Enron did a lot of good before things went bad. &#8220;It was a major benefactor for Houston charities,&#8221; Schneider reports. &#8220;It helped build the Houston Holocaust Museum and expand the Houston Museum of Fine Arts. And Ken Lay led the effort to build the Astros a new ballpark and keep them from leaving the city.&#8221; Enron built towering new office buildings and put thousands of people to work.<!--more--><\/p>\n<p>So when it fell, it had a huge effect on Houston&#8217;s\u00a0psyche\u00a0as the energy capital of the world, Schneider reminds us ten years on. Four thousand people in Houston lost their jobs, and Enron&#8217;s accounting firm Arthur Andersen closed down. &#8220;Enron\u2019s rivals, notably Dynegy and El Paso,&#8221; Schneider writes, &#8220;never entirely recovered from the blow to the energy trading market.<\/p>\n<p>What happened to the people that worked at Enron? How did Houston recover? You can read and listen to KUHF&#8217;s four-part series on the <a href=\"http:\/\/app1.kuhf.org\/houston_public_radio-enron_10th_anniversary.php\">aftermath of the Enron collapse here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week marks the tenth anniversary of Enron&#8217;s collapse. The Houston energy company took down thousands of jobs, billions of dollars, and a good chunk of the stock market with it. But as Andrew Schneider reports for StateImpact Texas radio partner KUHF this week, Enron did a lot of good before things went bad. &#8220;It [&hellip;]<\/p>\n","protected":false},"author":50,"featured_media":2646,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[21],"acf":[],"_links":{"self":[{"href":"https:\/\/stateimpact.npr.org\/texas\/wp-json\/wp\/v2\/posts\/2619"}],"collection":[{"href":"https:\/\/stateimpact.npr.org\/texas\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateimpact.npr.org\/texas\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/texas\/wp-json\/wp\/v2\/users\/50"}],"replies":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/texas\/wp-json\/wp\/v2\/comments?post=2619"}],"version-history":[{"count":8,"href":"https:\/\/stateimpact.npr.org\/texas\/wp-json\/wp\/v2\/posts\/2619\/revisions"}],"predecessor-version":[{"id":2650,"href":"https:\/\/stateimpact.npr.org\/texas\/wp-json\/wp\/v2\/posts\/2619\/revisions\/2650"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/texas\/wp-json\/wp\/v2\/media\/2646"}],"wp:attachment":[{"href":"https:\/\/stateimpact.npr.org\/texas\/wp-json\/wp\/v2\/media?parent=2619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/texas\/wp-json\/wp\/v2\/categories?post=2619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/texas\/wp-json\/wp\/v2\/tags?post=2619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}