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Dealing With Bad Corporate Relationships Lessons from Enron and Arthur Andersen Presented by:  Dawn Yankeelov,ASPectx and Robert L. Brown, Greenebaum Doll & McDonald PLLC
The Enron Debacle Sunday, Feb. 3 Courier-Journal
Enron Issues: What It Is Not ,[object Object],[object Object],[object Object],[object Object],[object Object]
Enron/Arthur Andersen Story Highlights ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Endless Analysis and Articles
Too Much in the Balance
 
Politics As Usual?
Enron/Arthur Andersen Lessons: Good News For You ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Proper Planning & Execution Hands-On Managing Communications ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Proper Planning & Execution Hands-On Managing Communications ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Questions to Ask Yourself ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Examples of Crisis ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Keeping the Business Safe Planning for a Crisis Communication during Crisis Identifying and Assessing Vulnerabilities Prevention of Crisis The Crisis Itself Monitoring and Evaluating Reactions
Assess Vulnerabilities:  Note the Warnings ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Vulnerability or Recycling  at Its Finest?
Preventing the Crisis ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Planning for a Crisis ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The Crisis Itself ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Communication  During the Crisis Jan.  25, 2002 CJ
Communication  During the Crisis Jan. 26, 2002 NYT Former Vice Chairman J. Clifford Baxter found dead in Mercedes—Voiced Concerns at Enron in May 2001 $60 Million in Govt. Contracts to be Reviewed
Communication  During the Crisis Feb. 4, 2002 NYT Mr. Lay’s lawyer, Earl J. Silbert, said, “Judgments have been reached and the tenor of the hearings will be prosecutorial.”
Monitoring and Making Adjustments Expected Changes… -- Pension fund reform and more rules and regulations to protect employees --Gone:  Inside/Outside Auditors being the same --Overhaul of Accounting Practices and Limits on Consulting Scope --Tightening of SEC Regulations --More Investigations into Energy Trading Operations --Debates and Redefining of Corporate Ethical Business Conducts for Senior Executives --Investigation of Political Investigations
Sign of the Times ,[object Object],[object Object],[object Object],[object Object]
Lessons:  Before a Crisis ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Lessons:  During a Crisis ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Best Bets:  Crisis Communications ,[object Object],[object Object],[object Object],[object Object],[object Object]
Be an Effective Change Leader ,[object Object],[object Object],[object Object],--taken from  Real Change Leaders  by Jon Katzenbach, and others
Be an Effective Change Leader ,[object Object],[object Object],[object Object],--taken from  Real Change Leaders  by Jon Katzenbach, and others
Trying Not to Be the Next Enron “ Anytime something like the Enron situation happens, it creates a gut-check time for CEOs and boards, a time to be sure you can pass the red-face test.”—William Zollars, CEO of Yellow Corp., a trucking company “ The degree of due diligence and self-reflection is heightened,”—Alan J. Lacy, CEO of Sears, Roebuck & Co. NYT, Jan.26, 2002
Trying Not to Be the Next Enron ,[object Object],[object Object]
Trying Not to Be the Next Enron ,[object Object],[object Object]
 
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object]

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Enron Aa12

  • 1. Dealing With Bad Corporate Relationships Lessons from Enron and Arthur Andersen Presented by: Dawn Yankeelov,ASPectx and Robert L. Brown, Greenebaum Doll & McDonald PLLC
  • 2. The Enron Debacle Sunday, Feb. 3 Courier-Journal
  • 3.
  • 4.
  • 6. Too Much in the Balance
  • 7.  
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14. Keeping the Business Safe Planning for a Crisis Communication during Crisis Identifying and Assessing Vulnerabilities Prevention of Crisis The Crisis Itself Monitoring and Evaluating Reactions
  • 15.
  • 16. Vulnerability or Recycling at Its Finest?
  • 17.
  • 18.
  • 19.
  • 20. Communication During the Crisis Jan. 25, 2002 CJ
  • 21. Communication During the Crisis Jan. 26, 2002 NYT Former Vice Chairman J. Clifford Baxter found dead in Mercedes—Voiced Concerns at Enron in May 2001 $60 Million in Govt. Contracts to be Reviewed
  • 22. Communication During the Crisis Feb. 4, 2002 NYT Mr. Lay’s lawyer, Earl J. Silbert, said, “Judgments have been reached and the tenor of the hearings will be prosecutorial.”
  • 23. Monitoring and Making Adjustments Expected Changes… -- Pension fund reform and more rules and regulations to protect employees --Gone: Inside/Outside Auditors being the same --Overhaul of Accounting Practices and Limits on Consulting Scope --Tightening of SEC Regulations --More Investigations into Energy Trading Operations --Debates and Redefining of Corporate Ethical Business Conducts for Senior Executives --Investigation of Political Investigations
  • 24.
  • 25.
  • 26.
  • 27.
  • 28.
  • 29.
  • 30. Trying Not to Be the Next Enron “ Anytime something like the Enron situation happens, it creates a gut-check time for CEOs and boards, a time to be sure you can pass the red-face test.”—William Zollars, CEO of Yellow Corp., a trucking company “ The degree of due diligence and self-reflection is heightened,”—Alan J. Lacy, CEO of Sears, Roebuck & Co. NYT, Jan.26, 2002
  • 31.
  • 32.
  • 33.  
  • 34.
  • 35.