... Suspicions began to arise as some Anderson officials looked to drop Enron as a client. In mid February Jeffery Skilling became the CEO and Kenneth Lay moved onto the chairman of the board of directors. Soon many Enron officials reshuffled positions and left the company in order to cover up of financial blunders that would lead to the company's downfall. Deliberate manipulations of income and balance sheets that helped portray Enron as much more profitable than its actuality. May of 2001 began with vice chair Clifford Baxter resigning, calling attention to Enron's inappropriate behavior in partnership deals. When Sharon Watkin's sent Enron officials a warning letter, calling attention to discrepancies, the market pounced on the global monster. On September 26, 2001, the stock dropped to $25. While investors were left confused they would find out when the third quarter number were released the Enron had experienced a $618M net loss. ...

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