Monday, October 16, 2006
"Don't Need No Stinkin' Ethics"
This mornings Star Tribune reported that United Health CEO William "Billy boy" McGuire has resigned amidst the options "back dating" scandals that are plaguing United Health and many large American corporations. It only reinforces my contention that despite public obeisance to the Stockholders, most American corporations are run by top management, for the benefit of top management.
What drives these men to collect bonuses far beyond what they could ever spend? I think it is ego. It is their way of keeping score. Of course they are all surprised when some one notices and questions it. Enron, Tycho, and now United Health. How do we solve the on going ethical problem in American business?
Posted by mal at 4:41 PM