Over the years, the world has been witness to many an irresponsible management policy and greed that wreaked havoc on ‘super’ companies that folded up. In the process, billions of dollars — both investors’ money and employees’ pension — went down the drain.
Here is the list of Top 10 America’s largest bankruptcies listed in Rediff.com
1. Lehman Brothers Holdings Inc – $639 billion [September 15, 2008 ]
2. Worldcom Inc – $103.91 billion [July 21, 2002 ]
3. Enron Corp – $63.39 billion [December 2, 2001 ]
4. Conseco Inc – $61.39 billion [December 18, 2002]
5. Texaco Inc – $35.89 billion [April 12, 1987]
6. Financial Corp of America – $33.86 billion [September 9, 1988 ]
7. Refco Inc – $33.33 billion; [Oct. 17, 2005 ]
8. Global Crossing Ltd – $30.19 billion [ January 28, 2002 ]
9. Pacific Gas and Electric Co – $29.77 billion [April 6, 2001]
10. UAL Corp – $25.2 billion [ December 9, 2002]
[ America’s largest bankruptcies ]