Shakeh Akelyan Amy Dougan Hideki Saeki King Lear Shakeh Akelyan Amy Dougan Hideki Saeki

Agenda Plot, Synopsis, & Theme Shakeh Scenario 1: Decision Making Shakeh Scenario 2: Creativity Amy Business Analysis Amy Conclusion Hideki

Cast/plot King Lear: King of Britain Goneril: Lear’s eldest daughter Regan: Lear’s second daughter Cordelia: Lear’s youngest daughter Earl of Gloucester: Lear’s loyal friend Edmund: Gloucester’s youngest illegitimate son Edgar: Gloucester’s eldest son & legitimate heir

SYNOPSIS KING LEAR: A tragedy by William Shakespeare "Greatest Dramatic Masterpieces" Antagonist: Goneril & Regan - King Lear’s older daughters Edmund - illegitimate son of Gloucester Protagonist: King Lear of Britain  Symbol: Storm Blind Eye

SOLILOQUY Thou, nature, art my goddess; to thy law My services are bound. Wherefore should I Stand in the plague of custom, and permit The curiosity of nations to deprive me........ Legitimate Edgar, I must have your land. Our father’s love is to the bastard Edmund As to the legitimate ........... if this letter speed, And my invention thrive, Edmund the base Shall top the legitimate. I grow, I prosper. Now, gods, stand up for bastards ---Edmund, the illegitimate son of Gloucester

THEME: Throughout the play Authority versus Chaos Justice Communication Power  Reconciliation Transition:  King Lear’s maturation and change of values

Scenario #1 King Lear is ready to step down as King Needs to divide his kingdom amongst his daughters Must determine how to divvy up the land

Linked Decisions “To make smart choices now, you need to think about what you might decide to do in the future.” King Lear’s ignorance and impulsive methods led the play to a tragic downfall because he did NOT: Define the problem Specify objective Generate alternatives Identify uncertainties that influence the consequences  Suppressed Evidence (III Fallacy) : Occurs when an argument ignores important pieces of evidence that outweighs presented evidence and entails a different conclusion "Unhappy that I am, I cannot heave My heart into my mouth. I love your majesty According to my bond; no more nor less," Cordelia

Psychological Traps Posing the wrong question: The Framing Trap: King Lear  King Lear commands his daughters to SAY which of them loves him the most, promising to give the greatest share to that daughter. Being too sure of yourself: The Overconfidence Trap: Goneril and Regan Once their desire for power was satisfied they both desire Edmund They destroy their alliance - Evil turns on Evil Goneril poisons Regan and commits suicide  

Scenario #2 Edmund wants to become soul heir to the Earl of Gloucestor's estate         

Fallacy of False Cause "The fallacy of false cause occurs whenever the link between premises and conclusion depends on some imagined causal connection that probably does not exist." Edmund writes a forged letter to the Earl of Gloucester The letter proclaims that Edgar proposes to kill their father and split the wealth between them (Act I Scene II)

Fallacy of Slippery Slope "This fallacy is a variation of the “false cause” fallacy.  It occurs when the conclusion of an argument rests upon an alleged chain reaction and there is not sufficient reason to think that the chain reaction will actually take place."     Edmund writes false letter     Convinces him that Edgar cannot be trusted     Edmund wounds himself     Gloucester promises to make Edmund is heir

Shakespeare in the Business World WaMu: Suffered insolvency in 2008/sold to Chase Filed Chapter 11 Bankruptcy Too many bad home loans Polaroid: Never adjusted to market trends/sold to Bank One Reorganized in 2009 Mervyns: didn’t meet up to it’s competitors/filed bankruptcy in 2008 Wachovia: bad loans/ sold to Wells Fargo Napster: Illegal business practices/sold to Roxio, then to Best Buy Pan Am: Bad investments, bad security, Fild bankruptcy in 1991 different companies have tried to reinstate pan am without success Indymac: Bad loans/sold to OneWest Bank The Sharper Image: bankruptcy in 2008/sold to a joint venture of hilco consumer capital, gordon brothers and bluestar alliance Began selling to third party retailers Borders: wasn’t innovative, made risky moves bankruptcy in 2011 Enron:

But ultimately, it's due to poor decision making Why do Businesses Fail? Inadequate funds Executives Employees Market Competitors But ultimately, it's due to poor decision making     

Symbol: Death = Conviction Cast of Characters Shakespeare King Lear Cordelia Regan Goneril Edmund Edgar Enron Kenneth Lay, CEO Business Ethics Rick Causey, CAO Andrew Fastow, CFO Jeffrey Skilling, COO Stakeholders Symbol: Death = Conviction 

Enron Decision Making What should Enron executives do? Continue cheating, blame others 4500 employees lost their jobs Investors lost $60 billion Eventually, file bankruptcy & pay for wrongdoings Admit wrongdoings, plead guilty Go to jail & pay reparations

Enron Creativity Collaboration 1985: Ken Lay becomes CEO 1990: Jeff Skilling and Andrew Fastow join Enron 2001: Scandal exposed For roughly 10 years, these three top executives worked together Allowed the scandal to continue and thrive during that time

Conclusion Bad decision making tragedy This can easily be solved by: Impulsive decisions Misunderstandings Lack of research This can easily be solved by: Staying informed Open line of communication Maintaining ethical backing based on both laws and values  

Questions?