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Actually after Enron was exposed, most former employees head a very difficult time getting hired. It was a major black mark, made worse by the fact that many
by twunde 10y ago
Actually after Enron was exposed, most former employees head a very difficult time getting hired. It was a major black mark, made worse by the fact that many employees had significant savings in Enron stock.
- n-exploit 10y agoWhy would you lump these two together? I'm genuinely curious.
- Applejinx 10y agoIs it not obvious? They're practically identical in every respect, right down to corporate culture, grandiosity and being propped up on a titanic and imaginary valuation which is all that empowers them to carry out their activities.
- HelloNurse 10y agoI don't see much similarity except ridiculous valuation and the consequent financial threat level between a company that used to be normal, developed an infection of criminal behaviour on the part of a small group and collapsed because of epic law-preaking, and a company that began as a hugely funded startup, behaves badly from day 1, appears to be openly run by assholes for assholes, and hasn't broken the law on a catastrophic scale yet.
- anshumanf 10y ago> hasn't broken the law on a catastrophic scale yet Debatable?
- HelloNurse 10y agoEnron and Parmalat vaporized billions of stock value; that's what I call catastrophic scale. Note that on paper Uber is even bigger.
- whatok 10y agoThis really depended on what their role was. Many star traders or analysts were able to get re-hired almost immediately or start their own firms without a problem. Here's an example: https://books.google.com/books?id=qwDFL2xIX4kC&pg=PA88&lpg=PA88&dq=enron+de+shaw&source=bl&ots=y2ivRoK0_D&sig=7zzdLRutwKKW0F0PgvRvKNIUwaI&hl=en&sa=X&ved=0ahUKEwjj5fnRg8fSAhVL8CYKHZ04CuUQ6AEIODAF#v=onepage&q=enron%20de%20shaw&f=false https://books.google.com/books?id=qwDFL2xIX4kC&pg=PA88&lpg=P...
- pinewurst 10y agoThat's a pretty good book, btw...