3 entries
The foundational financial innovation developed by Jeff Skilling in 1989 that transformed Enron from a natural gas pipeline company into an energy trading powerhouse by acting as an intermediary between producers and consumers in the newly deregulated market.
Enron CEO (February-August 2001) and former President and COO who transformed the company from a natural gas pipeline operator into an energy trading powerhouse through the Gas Bank concept and mark-to-market accounting.
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.