In the past AES Corp. had been characterized by a loose entrepreneurial structure that gave employees a great deal of independence. However, economic developments such as falling energy prices and currency devaluations caused the company stock to plunge and brought them to the brink of bankruptcy. In light of these financial troubles, AES Corp. has tightened their management structure and realized the need for greater training and accountability among workers. However, it is unclear whether these changes will lead to a successful future for AES Corp. due to the volatile nature of the global energy market.
See Martha McNeil Hamilton, The Washington Post, June 1, 2003