Cindy Olson
Executive Vice President of Human Resources and Community Relations who administered Enron's controversial PRC rank-and-yank system, oversaw the 401(k) plan, and was the first executive to testify before Congress after the collapse.
Prc
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Human Resources
Enron's HR department, led by EVP Cindy Olson, administered the rank-and-yank PRC system, managed corporate values programs, oversaw the 401(k) plan, and became the frontline for mass layoffs and the $250 million ERISA settlement after the 2001 collapse.
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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.