Restoring Trust in Corporate America Business Must Lead the Way to Real Reform

To many critics, Corporate America's leaders seem shockingly out of touch, blind to the deterioration in public confidence. A seemingly endless stream of bad news alleging widespread management negligence and malfeasance is chipping away at the trust vital to a free-market system. Rarely have b...

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Bibliographic Details
Published inBloomberg businessweek (Online) no. 3788; p. 30
Main Authors Byrne, John A, With Michael Arndt in Chicago, Wendy Zellner in Dallas, and Mike McNamee in Washington
Format Magazine Article
LanguageEnglish
Published New York Bloomberg Finance LP 24.06.2002
Subjects
Chief executive officers
Executive compensation
Financial reporting
Manycompanies
Manypeople
Scandals
Securities markets
United States > US
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Summary:To many critics, Corporate America's leaders seem shockingly out of touch, blind to the deterioration in public confidence. A seemingly endless stream of bad news alleging widespread management negligence and malfeasance is chipping away at the trust vital to a free-market system. Rarely have business and its leaders been held in such low esteem. Yet even as the crisis becomes more dangerously disruptive for the market and the economy, most of the business community has been silent. Worse, it has lobbied against sorely needed reform. If investor confidence is wounded - as most observers believe - then the best chance of restoring it rests on business leaders getting behind the agenda for change. Ultimately, Corporate America's business leaders must lead the way to change.
Bibliography:content type line 24
ObjectType-Front Page/Cover Story-1
SourceType-Magazines-1
ISSN:0007-7135
2162-657X