Elorn’s Reviews > Greed and Corporate Failure: The Lessons from Recent Disasters > Status Update

Recurring themes:
- poor strategic decisions
- overexpansion, especially through often ill-judged acquisitions
- dominant CEO or 'one man band'
- the greed, hubris and lust for powers of CEOs and other 'start' performers
- poor risk management and weak internal controls, particularly with regards to cash
- ineffective boards and their audit committes

'Profit is an opinion, cash is a fact'
Recurring themes:
- poor strategic decisions
- overexpansion, especially through often ill-judged acquisitions
- dominant CEO
- greed, hubris and lust for power of CEOs ans other 'star' performers
- poor risk management and weak internal controls, particularly with regards to cash
- ineffective boards and their audit committees

Marconi

Worldcom and Tyco

Enron: paper profits, cash losses