Wall Street executives say "wrongdoing is necessary"
At this stage of the game, the headline above should hardly surprise anyone. The first thing that comes to mind is that if 25% of Wall Street executives admit to knowing about or witnessing unethical behavior in their companies first-hand, imagine how prevalent it really is. The second is that cheating is not limited to Wall Street!
My personal opinion, which is simply based on direct and repeated observations, is that cheating, in its many forms, exists in all industries and walks of life. It is all around us.
As it turns out, I am currently doing some research on this subject as part of a project I am working on. Fortunately or unfortunately, revelations like this continue to crawl out of the woodwork like cockroaches.
About the Survey
Labaton Sucharow LLP today announced the results of its survey of 500 financial services professionals across the United States and United Kingdom. The survey is being released in conjunction with the launch of the firm's SEC Whistleblower Eligibility Calculator.
Isolated Incident or Pervasive Patronizing? (err, Paterno-izing)
Are we predictably irrational?
Video Source: TED