Culture Change at Texaco in 1999
Not what you're looking for?
Cuture change at Texaco in 1999: What were the unresolved issues? What roles did the key players have?
Purchase this Solution
Solution Summary
The issue is one of exclusion of minorities from the workforce at Texaco and particularly on the management level of the company. This problem was first reported at TEXACO in 1996, but was not made public until 1999. The attempts to change their image were not fully successful as the hiring of minorities was cosmetic and the positions they were given were not on a decision-making level at corporate headquarters. The "good old boy" regime ...
Solution Preview
TEXACO CORPORATION 1999
1. POINTS TO BE INCLUDED:
Problem was Racism
The issue is one of exclusion of minorities from the workforce at Texaco and particularly on the management level of the company. This problem was first reported at TEXACO in 1996, but was not made public until 1999. The attempts to change their image were not fully successful as the hiring of minorities was cosmetic and the positions they were given were not on a decision-making level at corporate headquarters. The "good old boy" regime stayed in place for the most part.
Financial Implications
When tapes of racial comments made by white TEXACO employees were aired, the stock fell and TEXACO lost 1billion dollars in one day of trading. This demonstrates the power of the shareholders, who are also stakeholders. Shareholders are made up of the general public and the general public is made up of a cross section of a multiracial society.
Key Players
Peter I. Bijur , CEO and chairman of Texaco Inc. ( It was his employment practices and ...
Purchase this Solution
Free BrainMass Quizzes
Employee Orientation
Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.
Organizational Leadership Quiz
This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.
Understanding the Accounting Equation
These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.
Operations Management
This quiz tests a student's knowledge about Operations Management
Production and cost theory
Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.