Iconic Brands That No Longer Exist

Enron

Possibly one of the most publicized and sensational stories of the early 21st Century, Enron was a massive energy conglomerate that when it finally fell, it was one of the biggest companies in the US. The closure would affect the lives of 22,000 employees of the company.

Enron

Soon after reporting profits of $111 billion in 2000, it was soon after discovered that the companies higher echelons were using off-the-books accounting in order to overstate profits and hide massive debts. The stocks once reached a height of over $90 a share, but by 2002 that price was only $0.67. Now it is simply a testament to what happens when corporate America becomes Icarus, and gets burned.