Get 20M+ Full-Text Papers For Less Than $1.50/day. Subscribe now for You or Your Team.

Learn More →

To avoid surprises, acknowledge the dark side: illustrations from securities analysts

To avoid surprises, acknowledge the dark side: illustrations from securities analysts STRATEGIC ORGANIZATION Vol 3(2): 229–238 DOI: 10.1177/1476127005052881 Copyright ©2005 Sage Publications (London,Thousand Oaks, CA and New Delhi) http://soq.sagepub.com SO!APBOX EDITORIAL ESSAY To avoid surprises, acknowledge the dark side: illustrations from securities analysts Paul Hirsch Northwestern University, USA Jo-Ellen Pozner Northwestern University, USA In the field of strategic organization, we presume the strategies and organization behavior we chronicle and praise are all above board and free from the likelihood of criminal prosecution. While generally the case technically, this assumption is also aided and abetted by the little known or examined fact that many of the large American corporations included in our studies have been officially accused of violating the law. Criminal prosecution is avoided by the ritual of the consent order signed by the accused party, in which the company neither confirms nor denies committing the alleged offense(s), but promises not to do it again. A reported influence on the decision to bring a criminal indictment against Arthur Andersen for its role in the Enron debacle was its history of already hav- ing signed consent orders to cease and desist from the very actions that helped contribute to Enron’s collapse. Studies of the firms signing these orders, and the wide http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Strategic Organization SAGE

To avoid surprises, acknowledge the dark side: illustrations from securities analysts

Strategic Organization , Volume 3 (2): 10 – May 1, 2005

Loading next page...
 
/lp/sage/to-avoid-surprises-acknowledge-the-dark-side-illustrations-from-I0SLI1mXxm

References (40)

Publisher
SAGE
Copyright
Copyright © by SAGE Publications
ISSN
1476-1270
eISSN
1741-315X
DOI
10.1177/1476127005052881
Publisher site
See Article on Publisher Site

Abstract

STRATEGIC ORGANIZATION Vol 3(2): 229–238 DOI: 10.1177/1476127005052881 Copyright ©2005 Sage Publications (London,Thousand Oaks, CA and New Delhi) http://soq.sagepub.com SO!APBOX EDITORIAL ESSAY To avoid surprises, acknowledge the dark side: illustrations from securities analysts Paul Hirsch Northwestern University, USA Jo-Ellen Pozner Northwestern University, USA In the field of strategic organization, we presume the strategies and organization behavior we chronicle and praise are all above board and free from the likelihood of criminal prosecution. While generally the case technically, this assumption is also aided and abetted by the little known or examined fact that many of the large American corporations included in our studies have been officially accused of violating the law. Criminal prosecution is avoided by the ritual of the consent order signed by the accused party, in which the company neither confirms nor denies committing the alleged offense(s), but promises not to do it again. A reported influence on the decision to bring a criminal indictment against Arthur Andersen for its role in the Enron debacle was its history of already hav- ing signed consent orders to cease and desist from the very actions that helped contribute to Enron’s collapse. Studies of the firms signing these orders, and the wide

Journal

Strategic OrganizationSAGE

Published: May 1, 2005

There are no references for this article.