corporate culture at enron jeff skilling emerging leaders annual vision lunch march 29, 2001
TRANSCRIPT
Corporate Culture at Enron
Jeff Skilling
Emerging Leaders Annual Vision Lunch
March 29, 2001
2UB-SMETHODIST-0301
Structure
Staff Skills
Strategy
StyleSharedValues
Systems
3UB-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
4UB-SMETHODIST-0301
• Flat / Horizontal– Distributed power based
decision
– Promote open competition
• Labor Mobility
– United compensations
– Portable Titles
Structure
5UB-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
6UB-SMETHODIST-0301
• Best & Brightest– Associate/analyst rotation
program
• RAC– Innovative and entrepreneur
Staff
7UB-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
8UB-SMETHODIST-0301
• Tight
– Risk management
– Financial accounting
– Performance review
– Legal obligators
• Loose
– Work schedule
– Working environment• Broadband
• Pulp and paper
– Organization
Skills
9UB-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 don’t
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 won’t 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.
SharedValues