Enron Employee Meeting Part 5
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Uploader Comments (gabel305)
All Comments (6)
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Rank and yank was just an excuse to remove political opposition from the corporation. Lay himself used this to remove the Internorth executives who KNEW he was a crook early on in the late eighties. One of them, Daniel Dienstbier, later as a Dynegy director forced Lay to put up the ONLY real asset they had which was Northern Natural Gas as collateral for the $2.5 BILLION capital that Dynegy put up. Dynegy got NNG and then Dienstbier sold it to Warren Buffett who moved it BACK to Omaha.
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PRC (rank and yank). To fire 15% of your core employees each year is insane. What a terrible way to motivate people. It causes a cut throat culture. Just another cog in the collapse of the company.
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Fantastic series, I am watching them all. I am so glad you got this. One must ask how much Lay and Skilling did and did not know. There is pragmatism, but I would be astounded that anyone could lie so well.
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How can you lie to the shareholders and employees saying the company is in good shape and to keep and even buy more Enron stock, It's sad to watch the crowd applaud him before and after not knowing that in two months they would be unemployed.
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I just got down watching a video documentary on Enron, I'd remember hearing about it back in 01 but didn't understand it. I found it pretty interesting how they covered it up for so long and how they managed to fool everyone including wall street. I got the impression from the video that they set up Fastow to be the fall guy Lay and skilling dumped most of there stock when it when hit 90 bucks a share.
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Enron is a caring company? HAHAHAHAHAHA do you guys work for AIG?
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Enron Employee Meeting Part 6by gabel3051,954 views- 1:31
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Interview With Jeff Skillingby RightThinkingGirl20,538 views
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Ken Lay Dancing to Rap Commercialby uthaha1,007 views
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Jeff Skilling from an internal Enron video (April 1993)by amiga200030,388 views
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Enron Employee Meeting Part 2by gabel3056,189 views
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Skilling's Congressional Testimonyby RightThinkingGirl1,372 views
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Oskar Schindler - Part 2, Documentary Film about Oskar Schindlerby MartinKentFilms22,192 views
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Enron Promoby TommySims3,303 views
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Enron The Smartest Guys In The Room Sub Español 8 11by hdtvlat12,552 views
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Mark Kermode - Enron: The Smartest Guys in the Roomby badhead2,018 views
I found this on a Houston Chronicle website and ripped it to disk.. I just think it's an amazing study of human behavior, given the fact that at the moment Lay is saying this Fastow's creations were bringing the company to ruin...
gabel305 2 years ago