Profit with Honor

On Thursday last week, after a trial stretching four months and jury deliberations spanning six days, former Enron executives Kenneth Lay and Jeffrey Skilling were convicted of fraud and conspiracy, crimes for which they could face life sentences in prison. “The jury sent an unmistakable message,” prosecutor Sean Berkowitz said.

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The End Justifies the Green

What do The Godfather, The Cat in the Hat, and Machiavelli’s The Prince have in common? According to Stanley Bing in this weekend’s Wall Street Journal, they are among the five books that offer the soundest advice for proper business etiquette. Before your eyes roll too far into the back

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How Do You Like Them Apples?

“If anyone still harbors the fantasy that the business scandals of the past few years were the handiwork of just a few bad apples, they should read John C. Bogle’s Battle for the Soul of Capitalism,” writes Jeff Madrick in Sunday’s New York Times Book Review. Madrick’s review comes out

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Chairman of the Fed

Ben Bernanke will take over next week as Chairman of the Federal Reserve for Alan Greenspan, who is stepping down on Tuesday after more than 18 years on the job. “An extraordinary act to follow,” says Princeton Professor Alan Blinder, the Fed’s Vice Chairman under Greenspan in the mid-1990s, on

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Who am I? What am I doing here?

In an Op-Ed piece for the Washington Post, Harold Meyerson writes about “the pervasive insecurity that is inextricably part of today’s capitalism.” Invoking Richard Sennett’s new book The Culture of the New Capitalism, Myerson writes: “In the absence of a more structured work life, what Sennett sees is a more

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Battle for the Soul of Capitalism

Earlier this month newspaper tycoon Conrad Black, the recently ousted CEO of Hollinger International Inc., was indicted by a federal court on charges of cheating the company’s U.S. and Canadian shareholders and evading Canadian tax authorities. The eleven-count indictment alleges, among other abuses, that Black and his associates fraudulently diverted

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