Thursday, October 27, 2011

Comment on: "A Stunning Fall From Grace for a Star Executive"

see
http://dealbook.nytimes.com/2011/10/26/a-stunning-fall-from-grace-for-a-star-executive/?ref=global-home
for original article
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"Fall from grace" is an interesting way to describe this. This is the natural consequence of a corporate culture in the world, which has no moral compass and rewards the most irresponsible, high-risk, and even illegal actions. Remember that the high-end business schools in the US refused to sign a pledge to include moral and socially responsible elements in their curriculums. And Goldman Sachs is the world champion in this irresponsible, and now illegal, behavior.
It is frightening to think that over the past several US administrations, executives from this corrupt Goldman Sachs environment have been put in charge of the financial affairs of the US and indeed the world...
Small wonder that the world is teetering on the edge of financial and economic self-destruction.

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