Lecture 8 - Acquired by SBC Pacific Telesis Acquired by SBC...

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Enron – The Smartest Guys in the Room Is what happened at Enron just the outcome of the free market at work? Why or why not? What are the unacceptable behaviors exhibited by the wide array of actors associated with the Enron case?
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Enron – The Smartest Guys in the Room Think about the role of CEO Ken Lay. What should he have done? What is the “culture” at Enron and how did this contribute to the company’s demise?
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Enron – The Smartest Guys in the Room Take away point #1 Market eventually corrects any and all problems Creative destruction
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Creative Destruction Sometimes driven by the government Southwestern Bell → Changed name to SBC Ameritech → Acquired by SBC NYNEX → Acquired by BellSouth → Acquired by AT&T →
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Unformatted text preview: Acquired by SBC Pacific Telesis Acquired by SBC Bell Atlantic Acquired by GTE Changed name to Verizon US West Acquired by Qwest Creative Destruction Creative destruction and reconstruction AT&T Initially broken up into eight companies Now just three companies SBC Verizon Qwest Creative Destruction But How long are we willing to wait for the market to work? Creative Destruction Take away point #2 It took the actions of many to contribute to the character and decision-making at Enron Creative Destruction Take away point #3 You are what you do. Companies dont make you do things, people do, and you have the choice to live by what you think is right or not....
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This note was uploaded on 04/22/2008 for the course BCOR 3010 taught by Professor None during the Spring '07 term at Colorado.

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Lecture 8 - Acquired by SBC Pacific Telesis Acquired by SBC...

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