Innovation Corrupted: The Origins and Legacy of Enron's Collapse
What management behavior and practices led Enron down the path from
truly innovative to fraudulent management? How could Enron's
board of directors have failed to detect the business, ethical, and
legal risks embedded in the company's aggressive financial
strategies and accounting practices? This book addresses these
questions.
Salter goes beyond previous books by proposing practical recommendations (regarding board oversight, financial incentives, and the maintenance of ethical discipline) for preventing future disasters. Salter has produced a very readable, comprehensive analysis of the social pathologies and administrative failures that led to Enron's implosion. -- D. C. Daly Choice 20081201
Malcolm Salter is James J. Hill Professor of Business Administration, Emeritus, at the Harvard Business School.
Inhaltsangabe
* Introduction Part I: The Origins Of Enron's Collapse * From Innovation to Reckless Gambling * The Impact of Perverse Incentives * The Evolving Culture of Deceit * Ethical Drift * The Directors' Failure * Collusion of Financial Intermediaries * Enron and the Public Watchdogs Part II: Enron's Legacy * Strengthening Board Oversight * Avoiding Perverse Financial Incentives * Instilling Ethical Discipline * Afterword * Appendixes * Notes * Bibliography * Index
