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- W2891914092 abstract "It is often argued that themarket, with its invisible hand, displays an inherent benttowards maximizing utility and delivering the greatest good to thegreatest number. Faith in the to act as benevolent overlordis not only misguided but, as revealed during the Great Recession,a fantasy. Analyzing emails made public following the LehmanBrothers bankruptcy, this paper considers the organizationalculture within Lehman Brothers leading up to history's largestbankruptcy in order to emphasize the role of interaction within anoutcome otherwise uncritically categorized as the unavoidableproduct of fluctuations. Demonstrating how Lehman employeesadopted the institutional myth of efficiency and inhabitedit with a distinct organizational arrogance, this paper challengesreaders to reimagine the Lehman Bankruptcy not as an inevitablecollapse ordained by market efficiency, but as the result ofindividuals collectively enacting organizational modifications of awell known and widely accepted institutionalmyth." @default.
- W2891914092 created "2018-09-27" @default.
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- W2891914092 date "2017-01-01" @default.
- W2891914092 modified "2023-09-23" @default.
- W2891914092 title "The Devil's in the Emails: A Sociological Examination of Organizational Failure" @default.
- W2891914092 hasPublicationYear "2017" @default.
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