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| Topic: |
Business
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| Number of pages / Number of words: |
9 / 2484 |
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Floating or even breaking the rules were encouraged by Enron’s culture, to provide its executives with as much profits as possible, instead of the wealth of its shareholders.
The system created by Jeffery Skilling, known as the rank and yank, forced out the employees that were rated in the bottom 20 percent...
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This system created a hostile environment, which employees competed with rivals inside and outside of the company.
Problems were often covered up rather than being communicated to management because of this system.
Enron’s bankruptcy in 2001 was caused by fraud, theft, and insider trading. Enron used partnerships called special-purpose entities (SPEs) to conceal its losses...
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