rank and yank n.— «Before it collapsed in a heap of moral ruin, Enron periodically fired the bottom-performing 10% of its employees. What’s more meritocratic than that? The McKinsey Quarterly praised this innovative practice, known...
corporati n.pl.— «Besides our inability to parse complex data sets, there are plenty of other reasons why we dropped this story—the business press corps’ formerly cozy relationship with the corporati chief among them. Enron clearly works...
bear hug n.— «It also included several dozen mentions of an unlikely introduction into the vernacular of white-collar crime: “Bear hug.” Fastow used the term to describe the promises Skilling made him that Enron would buy back...
ostrich defense n.— «The Enron Corp. trial opening Jan. 30 in Houston is shaping up to be the biggest test yet of the so-called idiot defense.…No chief executive “knows everything going on in his company,” Lay said in...
dummy defense n.— «The Enron Corp. trial opening Jan. 30 in Houston is shaping up to be the biggest test yet of the so-called idiot defense.…No chief executive “knows everything going on in his company,” Lay said in one...
idiot defense n.— «The Enron Corp. trial opening Jan. 30 in Houston is shaping up to be the biggest test yet of the so-called idiot defense.…No chief executive “knows everything going on in his company,” Lay said in one...