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Case update (makeup grade)

Sushma L

on 11 May 2012

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Transcript of AES-Telasi

Case: 2001 What happened? Main Players AES-Telasi (cc) photo by Metro Centric on Flickr (cc) photo by Franco Folini on Flickr (cc) photo by Metro Centric on Flickr Corruption Customers -nonpayments issues Government also culprit on delinquent payments Mike Scholey:
CEO of AES-Telasi
charismatic &
polarizing figure
Dennis Bakke:
Co-Founder &
CEO of AES Corp AES-Telasi management threatened
CFO found murdered

Enron scandal hits, AES under pressure from investors to pull out

Sold to Russia's Inter RAO UES (private firm), sold for $26m AES lost $300m in Telasi AES paid off $60m debt on Telasi

Inter RAO paid $34m to take over Telasi Image in Media Russia - big elephant in room Where are they now? Bakke: President & CEO of Imagine Schools, elementary and secondary schools Scholey: went to AES in Turkey, Central American and Ukraine. Left in 2004 for London Business School
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