The corporate culture is more as Pete describes it. It clearly reflects the view that "greed is good." Most corporations who work toward the public interest seem to do so for public relations.
They are not to be faulted: They reflect the present state of culture. At least the pre-Enron state of things. It is all short term. Show earnings so the market will inflate our stocks. Moving away from the long term affects corporations too: Quarter to quarter is all that counts. Clearly a non-sustainable strategy, but until it fails, why it seems quite good. Lots of money to be made. But when it fails, everybody "could see it coming." arthur -----Original Message----- From: Lawrence DeBivort [mailto:[EMAIL PROTECTED]] Sent: Thursday, February 28, 2002 6:23 AM To: Keith Hudson; pete Cc: [EMAIL PROTECTED] Subject: RE: The real frightener (was RE: Tax Havens) I don't want to be too cynical this fine morning, but Watkins COULD have done a lot more. She played the insider's game, did try to alert one of her bosses about misdeeds, but never really went into opposition, e.g. leaks to the SEC or media. Instead, seeing that her bosses weren't going to do anything, she went along. She is no hero, though I would agree she was in a tough spot. But when it came to the tough decisions, she, as many others, failed. Lawry > And you are quite wrong that "that no-one on the inside [of Enron] was > moved to object to their manoeuverings". You've obviously forgotten about > Sherron Watkins, whose candour and courage in trying to expose this 18 > months ago is praiseworthy. She didn't stop Jeffrey Skilling's > behaviour at > the time, but she tried. > > Keith
