Enron

Essay specific features

 

Issue:

Business

 

Written by:

Robin B

 

Date added:

June 14, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 779

 

Was viewed:

7392 times

 

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Essay content:

The group had few career risk managers. Enron maintained a fluid workforce. Employees were constantly on the lookout for their next internal transfer. Those who rotated through risk management were no different. A trader or structurer whose deal a risk manager scrutinized one day might be in a position to offer that risk manager a new position the next...
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Astute risk managers were careful to not burn bridges. Even worse, risk mangers were subject to Enron's "rank and yank" system of performance review. Under that system, anyone could contribute feedback on anyone, and the consequences of a bad review were draconian. Risk managers who blocked deals could expect to suffer in "rank and yank...
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