Public television is holding its final winter fundraising drive this week so we are revisiting corporate morality. How would you rate the condition of moral values in this country today? Last year’s Gallup poll answers were not atypical. Only 2% of Americans surveyed rated our moral values as excellent – 42% said they were poor – and 74% felt that values were getting worse, not better. How does this translate to the business world?
Financial historian Richard Sylla and award-winning financial editor Paul Steiger discuss corporate morality and how companies have become fixated on short-term stock prices to the exclusion of broader, long-term goals.
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