Individual Reflection Paper: Worst Team in History: Enron
Individual Reflection Paper: Worst Team in History: Enron
Sasha R. Chin
Proofer Denise Greene
Professor Haga
February 24th, 2011
Introduction
Teams are used to serve a variety of functions for organizations. According to Levi (2007), teams are comprised of people working together on a common project for which they all are accountable. They are usually part of a larger organization and the members of the team have specific knowledge, skills, and abilities about the task at hand. A successful team from the team members’ point of view is one in which the team members focus on the internal operations, the contributions of the team members and how well they all work together. A successful team, from managements’ point of view, is the impact of the team on the organization; their focus is on the end result not the way the team interacts with one another. (Levi, 2007) This paper will discuss the Enron Scandal. The major players of the Enron Corporation made a successful team that through greed and arrogance bankrupted the entire company, making them one of the worst teams in history.
The Team The key members of the Enron scandal team were: Kenneth Lay who was the chairman and Chief Executive Officer. He founded Enron in 1985 when Houston Natural Gas merged with InterNorth in Omaha, Nebraska. Jeffrey Skilling, who was the President, Chief Executive Officer and Chief Operating Officer. Andrew Fastow, Chief Financial Officer, Richard A. Causey, Chief Accounting Officer. Michael Kopper, who was Andrew Fastow's top aide. Sherron Watkins, vice president. Rex T. Shelby, a former vice president of engineering operations for Enron Broadband Services. Ben Glisan, treasurer. Timothy Despain, assistant treasurer, David Delainey, head of Enron's trading and money-losing retail energy units. Paula Rieker, No. 2 executive in investor relations and later corporate secretary. Christopher Calger, an executive in Enron's trading business. Mark Koenig, head
Sasha R. Chin
Proofer Denise Greene
Professor Haga
February 24th, 2011
Introduction
Teams are used to serve a variety of functions for organizations. According to Levi (2007), teams are comprised of people working together on a common project for which they all are accountable. They are usually part of a larger organization and the members of the team have specific knowledge, skills, and abilities about the task at hand. A successful team from the team members’ point of view is one in which the team members focus on the internal operations, the contributions of the team members and how well they all work together. A successful team, from managements’ point of view, is the impact of the team on the organization; their focus is on the end result not the way the team interacts with one another. (Levi, 2007) This paper will discuss the Enron Scandal. The major players of the Enron Corporation made a successful team that through greed and arrogance bankrupted the entire company, making them one of the worst teams in history.
The Team The key members of the Enron scandal team were: Kenneth Lay who was the chairman and Chief Executive Officer. He founded Enron in 1985 when Houston Natural Gas merged with InterNorth in Omaha, Nebraska. Jeffrey Skilling, who was the President, Chief Executive Officer and Chief Operating Officer. Andrew Fastow, Chief Financial Officer, Richard A. Causey, Chief Accounting Officer. Michael Kopper, who was Andrew Fastow's top aide. Sherron Watkins, vice president. Rex T. Shelby, a former vice president of engineering operations for Enron Broadband Services. Ben Glisan, treasurer. Timothy Despain, assistant treasurer, David Delainey, head of Enron's trading and money-losing retail energy units. Paula Rieker, No. 2 executive in investor relations and later corporate secretary. Christopher Calger, an executive in Enron's trading business. Mark Koenig, head
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