"Lessons from the Rise and Fall on Enron" by Steve C. Currall26 January 2009
Steven C. Currall is the vice dean of enterprise, professor and head (chair) of department of management science and innovation, faculty of engineering sciences, at University College London.
Recent headlines have been filled with stories about the collapse of Enron. After its evolution in the 1980s from an old-style gas pipeline company to an aggressive energy trading and marketing leader, Enron filed for bankruptcy in December of 2001.
Congressional hearings, Securities and Exchange Commission (SEC) investigations, and lawsuits from shareholders, employees and customers will keep Enron in the news for years. Although there is plenty of blame to go around, perhaps the most important lesson from the Enron collapse is both the centrality and fragility of organizational trust.
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"Lessons from the Rise and Fall on Enron" by Steve C. Currall