First rule of leadership

Enron, Worldcom, Tyco vs. Fannie/Freddie

Greed is Good

The WorldCom story 

Conrad Black

ENRON

"Now in 2008/2009 we are in a midst of another crisis so much larger than Enron encompassing so many of the same players. This time these players like Merrill Lynch and Citibank are not so lucky to get away unscathed. When the Reagan and Republican revolution took control in both the 80's and 90's deregulation and a smaller government stake was pushed, all of business applauded the idea and for the most part we prospered. Yet that wild card kept getting in the way of true prosperity. During the Reagan, Bush, Clinton and W. Bush era's greed did rear its ugly head in the form of the Savings and Loan crisis, The Enron crisis, and now the Sub-prime mortgage and mortgage backed securities crisis. Why is it that we still have not learned the lessons of the past that greed always destroys (in the end) that of which it built." Greed: The Wild Card variable in Business Ethics by Dr, Duane Scott

Article Source:
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About the Author:
For more information or other topics by this author you can contact Dr. Duane C. Scott at www.christopherstudios.net.