COMMENT | July 1, 2002 WILLIAM GREIDER
Bad for Business
"How many times can you say 'unbelievable'?" my wife asked the other morning, . . . Or the accusation that Perot Systems, after designing California's deregulated energy-trading system, turned around and showed the energy companies how to blow holes in it (and generate those soaring electric bills for Californians).
. . . This about Perot Systems Corp. is not quite right. It has not been suggested that PSC was aware of defects in the software and published those defects to prospective clients. It has not been suggested that PSC designed specifications for an energy-trading system. PSC apparently implemented in software an energy-trading system for which the specifications by the client invited or allowed gaming strategies. It's unknown by me if PSC became aware of shortcomings in the specifications and did point them out to the client first or whether they attempted to peddle those shortcomings in a secretive manner. Mr. Greider is shooting from the hip.
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