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Home > Blog > Who's Watching the Store?
Out of Our Minds
Saturday, April 03, 2004 7:45 PM
Who's Watching the Store?
Kevin Salwen on Ethics

The state of corporate governance -- in laymen's terms, the people who are supposed to be watching out for shareholders -- is seriously broken in this country. I say that here in the middle of the Tyco trial and with Bernie Ebbers, Jeffrey Skilling and others awaiting their day on the legal hotseat. Sometimes I'm reminded just how broken it is; if half of life is just showing up, this story's headline is an obvious reminder that shareholders' interests are being protected with less than half, doesn't it?


1 comment

Bert - 4/5/2004 2:28:56 PM
Indirectly I am a shareholder in many companies via my public employee retirement plan. Since this plan is one of the major shareholders in many of these corporations, I am shocked that the management of my retirement funds has failed its fuduciary responsibilities in several of these high profile cases. We need increased scrutiny by the people who are supposed to watching out for our public retirements funds as well.

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