My first MGT 645 assignment... very lame subject matter
Enron Executives- Flight of Fancy There are several distinct tipping points throughout history for people to learn from: military strategists have Vietnam, archaeologists have Lucy, and managers have Enron. Enron will forever go down in the annals of managerial and accounting practices as the single most costly scam to affect thousands of people, even the economy itself! Enron has been compared to a classic Greek tragedy of historical proportions. Some people claim the Enron scandal was born out of the constructs of good old fashioned American capitalism or from the deregulation of California’s energy policies. In reality, the whole despicable scandal can be boiled down to one thing- greed. Enron was a company that dealt less with substance than with reputation. It sold energy, a commodity it did not produce but bought and then sold. Enron actually traded in more than 800 commodities, ranging from lumber and steel to bandwidth and weather risk management. California legislature deregu...