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Corporate Culture at Enron Jeff Skilling Emerging Leaders Annual Vision Lunch March 29, 2001.

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Presentation on theme: "Corporate Culture at Enron Jeff Skilling Emerging Leaders Annual Vision Lunch March 29, 2001."— Presentation transcript:

1 Corporate Culture at Enron Jeff Skilling Emerging Leaders Annual Vision Lunch March 29, 2001

2 2 UB-SMETHODIST-0301 Structure Staff Skills Strategy Style Shared Values Systems

3 3 UB-SMETHODIST-0301 Super Ordinate Goal: Crusade for free markets – Bust monopolies – Promote open competition De-integration – Leverage technology and risk management to reduce interaction costs Virtual integration – Be logistics company – Have networked approach to transformation Oriented towards – Real options – Knowledge-based Strategy

4 4 UB-SMETHODIST-0301 Flat / Horizontal – Distributed power based decision – Promote open competition Labor Mobility – United compensations – Portable Titles Structure

5 5 UB-SMETHODIST-0301 PRC – Company wide 360 evaluation – Relative ranking against peers – Screen for who gets it RAC – Understanding and management or overall company risk/exposure Systems

6 6 UB-SMETHODIST-0301 Best & Brightest – Associate/analyst rotation program RAC – Innovative and entrepreneur Staff

7 7 UB-SMETHODIST-0301 Logistics management – Risk management – Network management – Ability to structure complex customized solutions Commodity market expertise – Gas – Power – Broadband – Pulp and paper – etc... Skills

8 8 UB-SMETHODIST-0301 Tight – Risk management – Financial accounting – Performance review – Legal obligators Loose – Work schedule – Working environment Broadband Pulp and paper – Organization Skills

9 9 UB-SMETHODIST-0301 Respect We treat others as we would like to be treated ourselves. We do not tolerate abusive or disrespectful treatment. Ruthlessness, callousness, and arrogance dont belong here Integrity We work with customers and prospects openly, honestly and sincerely. When we say we will do something, we will do it; when we cannot or will not do something, the we wont do it Communication We have an obligation to communicate. Here, we take the time to talk to one another... And listen. We believe that information is meant to move and that information moves people Excellence We are satisfied with nothing less than the very best in everything we do. We will continue to raise the bar for everyone. The great in here will be for all of us to discover how good we can really be. Shared Values


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