CONTACTS 

SUBJECTS
Accountability Stock Market Crumbles Loss Confidence Integrity of Acc
Accounting Reports of Earnings Loss of Confidence Due to Enron Scande
New Realities Information Overload Overwhelms Span of Attention by Co
Accountability Stock Market Crumbles Loss Confidence Integrity of Acc
Steepest Decline for 3rd Quarter Since 1991
Connecting Dots Meltdown Too Many People Having Too Many Problems Imp
Problems Too Many People Having Too Many Problems Earnings Fall Becau
Accountability Requirement Increased on Fears Integrity Accounting at
Enron Bankruptcy High Flying Energy Company Forced into Merger
Good Management Paid by Savings from Rework Litigation
Meltdown Imploding Too Many People Having Too Many Problems Managemen
Crumbles Stock Market Imploding Meltdown Loss Confidence Integrity of
Connecting Dots Meltdown Too Many People Having Too Many Problems Imp
Notice Provisions Conflict with Feel Good Management

7016 -
7016 -    ..
7017 - Summary/Objective
7018 -
701801 - Follow up ref SDS 44 0000, ref SDS 43 0000.
701802 -
701803 - Article published by Reuters today reports stock market is crumbling
701804 - because investor confidence about corporate accountability has eroded.
701805 - ref OF 11 0001  Worry that too many people are having too many
701806 - problems that are being covered up instead of fixed is causing stock
701807 - prices to fall, as reported on 001207. ref SDS 31 V54M
701809 -  ..
701810 - "You can't believe financial statements," said Mace Blicksilver, a
701811 - money manager at Marblehead Asset Management. "It's not like just a
701812 - bad quarter or an earnings miss--you're re-evaluating the entire
701813 - price-to-earnings ratio of the market place. You wonder how far the
701814 - ripples go." ref OF 11 IX5F
701815 -
701816 -     [On 020219 loss of confidence in accountability continuing.
701817 -     ref SDS 50 0001
701819 -      ..
701820 -     [On 030129 AOL Time Warner reports $100B loss, largest loss ever
701821 -     reported. ref SDS 51 0001
701823 -  ..
701824 - Loss of confidence in the stock market from growing fear that
701825 - accountability is unreliable follows the sudden collapse of Enron.
701826 - ref OF 12 853K  Bad management caused mistakes that reduced earnings.
701827 - To avoid accountability Enron relied on the auditor, Arthur Anderson,
701828 - to help conceal losses.  This artificially inflated earnings in order
701829 - to prop up the stock price and mislead investors. ref OF 11 S25M.
701831 -      ..
701832 -     [On 020207 CEOs silent on improvements to enable good management.
701833 -     ref SDS 48 UK4I
701835 -  ..
701836 - A report received today in another record shows questionable
701837 - management practices that caused Enron's collapse. ref SDS 46 0001
701838 -
701839 -     Good management invests time for deliberative analysis to work
701840 -     intelligently, see Drucker on 931130, ref SDS 5 7911, by listening
701841 -     to understand and follow up that makes communication effective, as
701842 -     reported on 890809, ref SDS 2 CJ9J, so things get done correctly,
701843 -     on time and within budget.  see also Covey reviewed on 921205.
701844 -     ref SDS 4 4080 and ref SDS 4 2552  On 950721 good management
701845 -     specifies requirements for an audit trail using traceability to
701846 -     original sources called out by ISO and PMBOK management standards.
701847 -     ref SDS 7 1740
701849 -          ..
701850 -         DOD program manager related requirements for good management,
701851 -         ref DRP 1 1332, reviewed on 990225. ref SDS 13 6956
701853 -      ..
701854 -     Bad management relies on fools gold of style and image through
701855 -     spontaneous reaction to events through constant meetings, calls
701856 -     and email that cause continual bumbling, cited by Kissinger,
701857 -     reviewed on 940609, ref SDS 6 4238, because people fail to invest
701858 -     time for working intelligently that converts information into
701859 -     knowledege of cause and effect, due in part to laziness, explained
701860 -     on 010908, ref SDS 39 YF5O, and to fear of accountability,
701861 -     reviewed on 980405. ref SDS 12 5065  Bad management has a ripple
701862 -     effect that causes too many people to have too many problems, so
701863 -     productivity, earnings and stock prices fall, reported on 001207.
701864 -     ref SDS 31 V54M
701866 -      ..
701867 -     For example, the Enron Board of Directors appear to have granted
701868 -     on-the-spot approvals of questionable deals without deliberation,
701869 -     based on impressive, confident presentations that elevate image
701870 -     and style over substance, reported earlier today. ref SDS 46 KM4F
701871 -
701872 -        [On 020213 Aerospace company is also at risk. ref SDS 49 P64K
701874 -      ..
701875 -     Today's news shows that accountability is both feared and desired,
701876 -     i.e., it can be a carrot and a stick under the common experience
701877 -     of being blamed for mistakes, and getting credit for success.  SDS
701878 -     supports intelligence that makes accountability effective for
701879 -     management and investors by increasing the chances of success for
701880 -     both.
701882 -  ..
701883 - A second article published by Reuters says stocks fell to a
701884 - three-month low because Wall Street is questioning the honesty of
701885 - corporate financial statements. ref OF 12 0001
701887 -  ..
701888 - "These accounting worries go right to the underpinnings of trust and
701889 - confidence.  If trust isn't there, you're tugging at the loose thread
701890 - of a cheap polyester suit," said Douglas Altabef, a fund manager for
701891 - Matrix Asset Advisors, which oversees $800 million. "People are
701892 - worried about what other shoes are getting ready to drop." ref OF 12
701893 - 485H
701895 -  ..
701896 - Loss of confidence is an enabling force that increases demand for good
701897 - management to use proactive problem handling that aligns work with
701898 - objectives, requirements and commitments by applyiing traceability to
701899 - original sources, commonly called an "audit trail" that shows cause
701900 - and effect for organizational memory, also, called "intelligence....
701901 -
701902 -     Accountability core of management....... 970829. ref SDS 10 0001
701903 -     ISO and PMBOK........................... 950721, ref SDS 7 1740
701904 -     USACE................................... 971202, ref SDS 11 2446
701905 -     Medical Practice........................ 990625, ref SDS 14 4185
701906 -     Legal practice..............................NWO, ref OF 4 163M
701907 -     Religious practice..........................NWO, ref OF 4 29G5
701909 -  ..
701910 - Increased demand for intelligence was called out recently to transform
701911 - DOD by Don Rumsfeld, Secretary of Defense, in remarks to the War
701912 - College, reported on 020131, ref SDS 45 QF4H,
701913 -
701915 -  ..
701916 - Wriggle Room for Deniability Restrains Demand for Good Management
701917 -
701918 - Yet, in practice, people resist accountability by avoiding good
701919 - management on the grounds that intelligence to develop organizational
701920 - memory is "overkill," in order to have wriggle room for deniability of
701921 - responsibility of problems caused by using bad management that cuts
701922 - corners, ignores the record and covers up....
701924 -      ..
701925 -     Good management is overkill............. 890324, ref SDS 1 8R51
701926 -     Feel good management fast and easy...... 911123, ref SDS 3 1331,
701927 -     Accountability feared................... 980405. ref SDS 12 5065
701928 -     Destroy records to cover up............. 991021, ref SDS 18 2695
701929 -     Overwhelming tendency bad management.... 010908, ref SDS 39 YF5O
701930 -     Intelligence too expensive.............. 890324, ref SDS 1 2940
701931 -     Decisions based on style not content.... 960103, ref SDS 8 8409
701932 -     Laziness fools gold of bad management... 990625, ref SDS 15 4914
701933 -     Communication hopeless quagmire......... 011003, ref SDS 40 EC5N
701934 -     Ounce of Prevention hard to sell........ 011211, ref SDS 42 PPWU
701935 -     Too many people too many problems....... 001207, ref SDS 31 V54M
701936 -     Good management must be mandated........ 960105, ref SDS 9 1008
701938 -  ..
701939 - The report today shows that ignoring the record and covering up to
701940 - avoid accountability eventually fails, and that claiming to be too
701941 - busy for intelligence will not be excused.  So, too, claiming good
701942 - management is overill and too expensive will not be accepted, since
701943 - the cost of good management is the price of being in business, rather
701944 - than an excuse for cutting corners on accountability under the guise
701945 - of saving money.
701947 -  ..
701948 - Secretary Rumsfeld's remarks on 020131 identified ways to overcome
701949 - resistance to good management. ref SDS 45 6L5K
701951 -  ..
701952 - One way is to develop organizational memory that is constructive but
701953 - does not injure personal feelings and credits everyone with effective
701954 - communication.
701955 -
701956 -
701957 -
701958 -
701959 -
701960 -
701961 -
701962 -
701963 -
701964 -
701965 -
7020 -