An article published in Business Week magazine in August 2002 declared that a new day had dawned on corporate America: “In the post-Enron, post-bubble world, there’s a yearning for corporate values that reach higher than the size of the chief executive’s paycheck or even the latest stock price. Trust, integrity and fairness do matter, and they are crucial to the bottom line. The corporate leaders who somehow forgot that are now paying the price in a downward market roiled by a loss of investor confidence.”1 The last sentence suggests that this shift was taking place because the market was righting itself, punishing those who had strayed too far from traditional values and rewarding those who had stuck to the straight and narrow. The idea that the market had inflicted its own punishment on corporate wrongdoers by handing death sentences to companies such as Enron and Global Crossing was popular among neoliberal economists who interpreted the econ
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Publication information: Book title: Pump and Dump: The Rancid Rules of the New Economy. Contributors: Robert H. Tillman - Author, Michael L. Indergaard - Author. Publisher: Rutgers University Press. Place of publication: New Brunswick, NJ. Publication year: 2005. Page number: 266.
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