When was the last time we saw a newspaper headline or lead-off story on television praising the accountability of a corporate leader? It happens, but certainly not very often, and that should worry us. What we do read and see are instances of abdication of accountability, i.e. Enron, World Com, Tyco, etc. Far too often corporate executives insulate themselves from investigative accountability, and yet, when their discretions are discovered, resulting in termination or resignation, they are well compensated with “golden parachutes” worth millions of dollars..
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