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An elaborate parody appears to be behind an effort to resurrect Enron, the Houston-based energy company that exemplified the worst in American corporate fraud and greed after it went bankrupt in 2001.
Irving Lester Janis (May 26, 1918 – November 15, 1990) was an American research psychologist at Yale University and a professor emeritus at the University of California, Berkeley most famous for his theory of "groupthink", which described the systematic errors made by groups when making collective decisions.
Many [quantify] organizations began to realize by the 1960s that tight control by too few people was encouraging groupthink, increasing turnover in staff and a loss of morale among qualified people helpless to appeal what they saw as misguided, uninformed, or poorly thought-out decisions.
Groupthink is sometimes stated to occur (more broadly) within natural groups within the community, for example to explain the lifelong different mindsets of those with differing political views (such as "conservatism" and "liberalism" in the U.S. political context [7] or the purported benefits of team work vs. work conducted in solitude). [8]
An Enron-branded X account posted and later deleted a message teasing at a crypto offering, saying “we do not have any token or coin (yet). Stay tuned, we are excited to show you more soon.”
The culture at Enron caused high pressures to meet sales goals which inevitably impacted the employees’ ethical decision-making. Enron shareholders lost $74 billion leading up to its bankruptcy, its employees lost their jobs and their pensions. [2]
Enron was once worth $68 billion to its shareholders, so at just over 10% of that. Sure, $7.2 billion sounds like a lot of money. And to me, it is a lot of money. But to the people who lost their ...
In groupthink theory, a mindguard is a member of a group who serves as an informational filter, providing limited information to the group and, consciously or subconsciously, utilizing a variety of strategies to control dissent and to direct the decision-making process toward a specific, limited range of possibilities. [1]