Thinking about cooking the books? Simply a White-Collar crime? Whoops. Bernie Ebbers gets 25 years, John Rigas got 15. Given their ages and health, that's, effectively, the death penalty.
Wanna bet the sign-up list for "corporate ethics" at the Harvard Business School (et al.) jumps this fall?
(The good news: Most of us don't have the opportunity to screw our stakeholders out of $11B.)
(I thought the most interesting comment I read yesterday came from former AT&T CEO Mike Armstrong. He said that some of AT&T's most significant—and costly—strategic decisions were in response to the incredible margins WorldCom was racking up—now known to be phony. Wall Street expected the same from his company. AT&T had a gross of problems, but there's more than a grain or two of truth to this assessment.)
Before blogging became all the rage, Tom was posting book reviews and Observations (essentially early blog posts) to this site. You can find the archives below.