Delete Everything, Cancel the Party
In October 2001, Enron ordered the destruction of its emails. Six weeks later, it canceled the holiday party. The emails survived. The party didn't.
Corporate-Culture
6 entries
D
L
Lay It on the Line
In August 2001, Ken Lay asked 20,000 employees to tell him the truth. Over 4,000 did. He published their answers, promised to fix everything, and the company collapsed 61 days later.
P
Performance Review Committee (PRC)
Enron's twice-yearly forced ranking system, known as 'rank-and-yank,' which required the bottom 15-20% of employees to be rated for termination and shaped the company's aggressively competitive culture.
T
The Big E: Fantasy Football During Bankruptcy
From 1999 to 2001, a group of Enron traders ran a fantasy football league through CBS SportsLine.com. The company collapsed. The league did not.
V
Valhalla Scandal
A 1987 oil trading fraud at Enron's New York subsidiary that exposed the company to over $1 billion in unauthorized positions and established a pattern of tolerating rule-breaking that would persist until Enron's collapse fourteen years later
Y
You Have No Idea What Pressure I'm Under
In April 2001, a Nigerian prince emailed Enron's General Counsel about an over-invoicing scheme worth $30.5 million. He had come to the right place.