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Resources Unlimited Corporation

Resources Unlimited Corporation. An Analysis by Monte C. Lange. History. Formed 1985 (merger) 38,000 Miles of Pipeline Deregulation Dilemma Non Responsive Internal Communication EEO Issues Questionable Accounting Practices Entered Bankruptcy June 1994.

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Resources Unlimited Corporation

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  1. Resources Unlimited Corporation An Analysis by Monte C. Lange

  2. History • Formed 1985 (merger) • 38,000 Miles of Pipeline • Deregulation Dilemma • Non Responsive Internal Communication • EEO Issues • Questionable Accounting Practices • Entered Bankruptcy June 1994

  3. 1986-1988 Quarterly Earnings(In Millions) • Baseline = 236

  4. Gas and Oil Accounts Analysis • 1988 – 60 Oil Accounts and 32 Gas Accounts • Projected for 1990 – 86 Oil Accounts - Unable to Determine Number of Gas Accounts.

  5. Management Style Analysis • Slow to Respond to Non-Responsive • No Clear Leadership • No Clear Line of Communication • Lack of Understanding for Industry • Questionable to Unethical Accounting Practices

  6. Financial Analysis • No Apparent Business Plan • Slow to Respond to Dwindling Accounts • Insufficient Cash Flow • Unethical Accounting Practices • Bankruptcy Inevitable

  7. HR Issues • Probable Discrimination Suite • Salary Inequity • Avg. Male Salary 52K • Avg. Female Salary 32K • Gossiping • Disgruntled Employees

  8. Proposed HR Action Take immediate corrective measures to bring female salary in line with male counterparts. Audit HR practices in hiring and benefits to ensure equitable employment practices. Implement recommendations from audit.

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