Unformatted text preview: c. mark-to-markey accounting: book profits the day the deal is signed d. rank-and-yank: rank employees and let go the ones at the bottom go e. When Bethany McLean broke the story about the Enron Scandal, Enron responded by saying she needed to do her homework 4. Enron Scandal Lessons a. Success does not equal excellence b. “Turbo incentives” require turbo controls. c. Performance oriented culture d. Lesson: the importance of humility and self-assessment e. need good character and competence f. culture at Enron:greed, competition, ignorance g: culture at NASA: absence of trend analysis, concerns not voiced, information overlooked...
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- Spring '08
- Great Depression, Enron scandal, Enron Scandal Lessons