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There are some basic elements of Drucker's thoughts that Enron and "the smartest guys in the room" violated. I would strongly suggest watching the film "Enron: The Smartest Guys in the Room" or reading the book by the same name. I think that the most basic element of Drucker's theory which was violated was the notion of community. When we hear of CEO Skilling misreading Dawkins' work as a justification for greed at all costs and the idea of summarily firing the bottom 15% of employees based on performance evaluations, one is reminded of Drucker's idea that there has to be a sense of community in business endeavors. The drive to provide for employees' social needs and sense of belonging was fairly violated by Enron. At the same time, Enron did not see itself as needing to respect the worker or the consumer, as it bankrolled its own coffers at the cost of both. When we hear Enron traders mock about "stealing grandma's savings," one is quickly reminded of this.
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