ABSTRACT
As a multinational company, Enron wielded extraordinary influence with third world governments in the management of developing countries' water and energy resources. In 1989, Enron launched the Gas Bank, which allowed gas producers and buyers to trade and hedge gas supplies. During the early 1990s, Enron expanded into the energy sectors of other countries, such as power plants in England and India. Enron formed a limited partnership with the California Public Employees' Retirement System (CalPERS) in 1993. This partnership was called the Joint Energy Development Investment Limited Partnership (JEDI), with the purpose of investing in natural gas projects. Ken Lay was a political animal who relished the opportunity to show his power and influence as chair and CEO of Enron. Enron International (EI) was the international development arm of the company and developed from its national power business in the US. EI was headed by Rebecca Mark – a Harvard Business School graduate in the company.
