Magazine

Table: How a New Economy Corporate Culture Went Awry


EMPLOYEE EXPECTATIONS

Old Economy: Security

New Economy: Personal growth

The Enron Twist: Personal wealth

REWARDS

Old Economy: Salary

New Economy: Stock options

The Enron Twist: A stake in the business

LEADERSHIP

Old Economy: Top-down

New Economy: Inspirational

The Enron Twist: Know-it-all arrogant

ORGANIZATION

Old Economy: Hierarchy

New Economy: Network

The Enron Twist: Individual fiefdoms

CORPORATE GOAL

Old Economy: Steady growth

New Economy: Fast growth

The Enron Twist: Appearing to grow fast

BOARD

Old Economy: Rubber stamp

New Economy: Independent

The Enron Twist: Rubber stamp

APPROACH TO REGS

Old Economy: Aim to meet regulations

New Economy: Push the limits

The Enron Twist: Circumvent the rules


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