Enron: The Smartest Guys In The Room

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Issue:

Book Reports

 

Written by:

Bernard H

 

Date added:

November 5, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 532

 

Was viewed:

1525 times

 

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Essay content:

Interestingly enough, this motto could have been more or less a type of risk control or the first stage in a system of checks and balances that might just have helped head off this unfortunate divestiture of material and intelligent capital. Jeffrey Skilling’s few months at the helm of this ship may just have been enough to sink it...
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His desire for performance and for the company to be not just the world’s leading energy company, but the world’s leading company, may have blinded him to what was going in at the trading desk, in LJM/LJM2, and perhaps in the court of moral opinion. The disconnect was clearly allowing sound judgment and business ethics to fly right out the window...
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