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Building_a_Post-Enron_Corporate_Culture

Building_a_Post-Enron_Corporate_Culture - NEWSMAKER Q&A...

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OCTOBER 31, 2003 NEWSMAKER Q&A Source: BusinessWeek.com Building a Post-Enron Corporate Culture Law school dean William Powers talks about the lessons of the energy giant's fall and the importance of "consciousness-raising" for execs Few people have a better understanding of the intricate corporate chicanery that brought down Enron Corp. than William Powers Jr. In late 2001, Powers, dean of the University of Texas School of Law, was tapped by Enron's (ENRNQ ) board of directors to lead an investigation into the company's collapse. Over three months, Powers and the Special Investigative Committee reviewed 430,000 pages of documents and interviewed 65 people. Their 203-page report, published in February, 2002, documented far-ranging conflicts of interests, abuses of power, and accounting misdeeds dating back many years at the Houston energy giant. BusinessWeek Correspondent Andrew Park spoke with Powers on Oct. 30, during the 2003 BusinessWeek CEO Leadership Forum at UT's McCombs School of Business. Edited excerpts
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