The majority of the articles on e-learning inform organizations on the perceived benefits of introducing technology to deliver training programmes. These benefits are primarily regarded as flexibility, cost and breadth of coverage. The disadvantages are largely ignored. The pedagogical debate on e-learning concentrates on the delivery of e-learning within a traditional educational forum and does not examine trends within a corporate environment. This study, which was supported by the University Forum for Human Resource Development, reflects on the directions and experiences of organizations listed in the FTSE 250 that are implementing e-learning. It concludes that the advantages of an online pedagogy are not fully exploited due to limitations in technology and other strategic priorities. In addition, a number of lessons have been learned by the pioneers of corporate e-learning, including the evolutionary nature of the programmes and the need to create 'organizational readiness'. Further research is essential to consider all stakeholders' experiences of e-learning, and the learner's voice is significant by its absence in the debate.