Corporate Greed
Enron. WorldCom. Who’s next? Does anyone have any doubt that there are countless other major corporations fiddling around with their numbers?
Who’s getting screwed? I think we are. The economy is a disaster. More people are losing their jobs every day. In the meantime, upper management is doing all they can legally (and otherwise) to keep their companies “profitable”. It’s very clear that lying has become (has been all along?) a standard business practice in the “dog-eat-dog” marketplace.
Does it have to be this way? I don’t think so. I keep hoping we’ll come out of the wave of scandals with a newfound respect for ethical behavior. On the other hand, respect and ethics are seemingly incompatible with the ruthless “natural” selection of the open market. A couple of CFOs and CEOs need to do hard time. And it won’t hurt either if corporations start being investigated before they get in trouble.
June 26, 2002 | Archived in Business
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