Interesting.
Do you happen to remember the source for that?
Yes...it was an article written by a classmate of Skilling's at HGSB. Think it was in NR or WSJ. In one of the case studies a notional company discovers that one of it's proprietary production processes is highly carcinogenic. Using secondary non-carcinogenic process is expnsive to license and the company would no longer be the lowest cost producer. As CEO what are your thical responsibnilities.
Skilling's solution was stark and ruthless.
1. Move the carcinogenic process off
shore to a third world producer where the liability exposure is minimal or subject to " marginal financial inducement"
2. Do not reveal the nature of the problem to the current or prior workforce to limit liability exposure.
3. Use diluted insurance underwriters to cover company medical insurance issues and anticpated pension issues.
I forget the rest...
His student colleague was stunned by Skilling's near absolute moral opacity and ruthlessness.