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Psychoanalytic Perspectives on a Turbulent World (Paperback)
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Psychoanalytic Perspectives on a Turbulent World (Paperback)
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This article is intended to contribute to our understanding of the
December 2001 collapse of Enron. The existing literature on Enron's
demise falls largely into two broad areas, involving either "micro"
psychological explanations or "macro" accounts that emphasize the
workplace and its environment; this paper is an exploratory study
that focuses on a new interpretation which links the two areas more
closely together. It is proposed that Enron's culture was
influenced by both "micro" and "macro" factors: an experience of
unsuccessful paternal authority figures within the family history
of Enron's leaders, coupled with an experience of problematic
government and regulatory regimes associated with the gas industry.
Drawing on concepts from psychoanalysis and its application to
organizational dynamics, it is argued that these "micro" and
"macro" factors helped to generate an Oedipal mindset in Enron's
leaders according to which external authority was seen to be weak
and not worthy of respect, and that this contributed to Enron's
demise. Implications for theory are examined.
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