Ken Lay: @DickFuld dude how did you manage to blow up Lehman? #LOSERRRRRRR
Dick Fuld: @KenLay: At least I am not in jail and all our the businesses we were involved in were LEGITIMATE #dontdropthesoap
Ken Lay: @DickFuld YEAH RIGHT! You were as much of a crook as I was at #Enron #RIP
Dick Fuld: @KenLay not even close, our collapse was a product of #poorriskmanagement not of #cheating
Ken Lay: @DickFuld whatever helps you sleep at night man….just remember you almost collapsed the entire economy, probably should have just stopped being so #stubborn and saved you company
Dick Fuld: @KenLay look who is talking, you lost all your employees and now you are poor. At least I’m still #RICHHHHHHH
The Following is a conversation on Twitter between the Petrobas CEO and Lay and Skilling (Enron Executives) on the Enron twitter account.
PetroBros: @EnronAndGone – Opening up a new rig next month #rollininthemoney #sustainabilityischill
EnronAndGone: @PetroBros – Biggest Energy Corp in South America huh? Congrats I guess… #USA #BiggestintheWorld
PetroBros: @ EnronAndGone – Put an asterisk next to that title, all your revenue was fake… #hasbeen #suckstosuck #stillinbusiness
EnronAndGone: @PetroBros – Congrats on your new social responsibility initiatives… heard they are expensive and time consuming #MiltonFriedman #WasteofMoney
PetroBros: @EnronAndGone – #betterthanjail
A downside of college is the lack of time a person can devote to leisurely activities. It has been said before that laughter is the best form of medicine, which is why a person, no matter how busy they are, should make time for pointless yet hilarious shows like the office. Continue reading
I am a huge fan of the TV show Revenge (watch Season 1 here! ). The show focuses around the main character, Emily Thorne, whose father was blamed for laundering money to a terrorist group who created large-scale terrorist attack. Emily’s mission in life is to seek revenge on the people who framed her father and expose the real criminals—the Grayson family. Conrad Grayson is the CEO of Grayson Global, where Emily Thorne’s father also worked many years ago.
For my first paper I think I want to do something involving Enron, and corporate responsibility, as well as corporate fraud. I think Enron itself is such an interesting and complex case that can be more deeply explored than what was just in the case. I want to view the case by trying to identify all of the parties who were to blame, and try and identify what their motives were and how they treated both their stakeholders and shareholders. This mindset of everyone involved is interesting because it dives into the question of nature versus nurture. Had Enron created a toxic environment or were there simply a couple of bad apples who ruined everything. By trying to understand all parties motives I think that at least part of this question can be tackled.
For my first paper, I am going to further explore Enron and examine how they were neither shareholder nor stakeholder oriented. The fall of Enron was actually due to the selfish narcissism of upper management. The key to a successful company requires a healthy balance between both shareholder and stakeholder values. If a company is too weighted towards either theory, it will be detrimental to everyone involved.
Enron should have been more focused on its stakeholders to benefit the long term of the company instead of being so short sighted. If Enron had done this, would they still exist today?