Gibrat’s Law Explained

The infamous Gibrat Law was proposed by Robert Gibrat in 1931. The law states that the proportional rate of growth of a firm is independent of its absolute size. The law is also known by the names- Gibrat’s Rule of Proportionate Growth or The Law of Proportionate Effect. Gibrat’s law is also applied to city’s …

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Enron Scandal Explained

Enron was formed in 1985 by merging Houston Natural Gas Company and InterNorth Incorporated. Kenneth Lay became Enron’s CEO and chairman. Following the merger, Enron was branded as an energy trader and supplier. In 1990, Lay appointed Jeffrey Skilling to head the company. Enron, at one point valued 70 billion dollars, used to be the …

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