Monday, January 16, 2006
Could the scandals be over? Don't bet
Gee, it seems like ages since the public witnessed a good "perp walk" of some stiff-upper-lipped CEO in handcuffs.
Are the crazy corporate scandals years finally over? Or is this a temporary lull, a breather before the next video installment of CEOs Gone Wild?
If you're thinking corporate America has seen the light, think again. It's more likely that all the public attention, toughened regulations such as Sarbanes-Oxley that demand greater corporate accountability and the state of the economy are the real reasons bad-apple companies and their chiefs are, for now, off the front pages and TV news.
Should you need a reminder of the fallen, feast your eyes on the back page of this section. Fourteen prominent companies and their executive woes are waiting.
As the New York Times this month deadpanned about a magazine called, of all things, Business Ethics: "That must be a very thin publication!" and "Isn't that an oxymoron?"
Truth is, the scandal holiday will be brief.
posted by Brian Moran @ 8:55 AM