CROOKS IN THE BOARDROOM.
In: Maclean's, Jg. 115/116 (2002-12-30), Heft 52/1, S. 30-31
serialPeriodical
Zugriff:
Regis Hotel a few months ago, the executives grappled with the crisis of confidence gripping the business community.In the case of chief executive officer John Roth of Networks Corp, the fall of his company was rapid and steep. In 2000, as the stock price of the company he led shot through $124, he was an adviser to both the Ontario and federal governments on industry issues, repeatedly calling for lower taxes and complaining of the brain drain. The Maclean's/Global TV year-end poll asked respondents what caused the stock market to drop a precipitous 25 per cent in 2002. They had a variety of choices -- uncertainty surrounding the threat of terrorism and war with Iraq, the U.S. economic slowdown and the drop in corporate profits all figured in the first four reasons. Markets had dried up, the largest number of respondents said, because of a loss of confidence in the honesty and integrity of these business leaders. Canadians are focused on business ethics -- or the lack thereof. No less that 45 per cent view the business world in a more negative light than they did just a year ago. (Roughly half say their views haven't changed, while a contrarian seven per cent actually look upon business leaders more positively.) Among those feeling more negative, the ethics and morality issue is the reason most cite--40 per cent say that's what turned them against business.
Titel: |
CROOKS IN THE BOARDROOM.
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Autor/in / Beteiligte Person: | MACKLEM, KATHERINE |
Zeitschrift: | Maclean's, Jg. 115/116 (2002-12-30), Heft 52/1, S. 30-31 |
Veröffentlichung: | 2002 |
Medientyp: | serialPeriodical |
ISSN: | 0024-9262 (print) |
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