Replying to LO27687 --
Andrew, all good questions. In the absence of a trial it is already quite
clear that the CEO of Enron plus at least some people at Arthur Andersen
plus assorted hench people in both organizations broke the law. So they
are already common criminals, and one could argue (not me) that virtue is
unnecessary if we can only adhere to the law. However, our legal system
may not be capable of treating them to what they deserve, and even if it
does it will not restore lost security to thousands of others, so what in
reality is the value of the law in such a situation?
I agree that increased transparency will help. However, I no longer
believe that is the whole story. Too many people were willing to forego
the signals available to their own native intelligence that could have
told them more of what was going on. We defer to those in power too much,
I think. Less deference to authority figures would be very helpful.
Rol
>Where does the 'buck stop' in modern organizational life?
>Who is accountable as a 'leader' -whether as CEO or supervisor?
>Is the net result of 'corporate' corruption reversible?
--"Rol Fessenden" <rol@fessenden.net>
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