BY BEN G. PENDER II
As a composite, American business organizations are a moral failure. Public trust in business has reached a forty year low.1 The current global economic downturn is, “at its core, a crisis of trust.” Characterized by former NASDAQ chairman Bernard Madoff, Satyam CEO Byrraju Ramalinga Raju, Stanford Financial Group CEO Sir Robert Allen Stafford, and Petters Group CEO Tom Petters, too many executives and their supporting cast of often-acquiescent inhouse attorneys have pawned public trust for large salaries, big cars, supersized corner offices, and the McMansion.
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