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.