Rank-and-Yank

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.

department human-resources prc

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.

prc rank-and-yank corporate-culture