Is bad ethics becoming a normal cost of business?

It seems that corporate ethics problems are now so common that they’ve become *normal*.

* HP paying 14.5m for getting caught spying.
* Walmart firing its ad agency after learning that the marketing exec who selected the firm accepted perks.
* fannie mae restates 3 yrs of earnings wiping out 6.3 billion in false profits (the positive being that analysts were expecting 10.3 billion). * the supreme court hearing a case against wall street firms that allegedly manipulated ipo stock prices.

Those were 4 of barrons’ top 10 stories this week.

I’m wondering how long before companies start taking early writeoffs for *bad ethics expense*. This could be like bad debt expense. analysts could start looking at executive track records to estimate the lilklihood of future earnings hits.
Sent wirelessly via BlackBerry from T-Mobile.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s