TV News LIES

Thursday, May 28th

Last update01:41:42 AM GMT

You are here News Economy 24% of senior financial execs consider unethical or illegal conduct needed for success

24% of senior financial execs consider unethical or illegal conduct needed for success

E-mail Print PDF

Sr. execs OK greedJust in case recent headlines didn’t offer a clue, a new study revealed what most people already think: Unethical behavior and illegal business practices seems to be part of a Wall Street job description.

A survey of senior executives at financial firms in the U.S. and the U.K., released Monday, found that nearly a quarter of respondents, or 24%, said they consider engaging in unethical or illegal conduct as a necessary ingredient for success in the financial world.

Another 26% said they had either seen or had direct knowledge of wrongdoing.

Worse, 16% of execs admitted they would willingly step over the legal line and commit insider trading — if they knew they could get away with it.

Results of the study, commissioned by law firm Labaton Sucharow, were compiled by anonymously interviewing 500 financial professionals online.

“It’s hard to understand how someone could have this sort of world view, but what’s clear is that it is widespread,” Jordan Thomas, chairman of the whistleblower representation practice at Labaton Sucharow, told the Daily News.

More...


Most Recent Related Stories...


BlackBerry cuts jobs worldwide as it consolidates businesses

Blackberry cutting jobs worldwideCanadian smartphone maker BlackBerry Ltd is cutting jobs across the world, the company said on Friday,...

12 percent jump in homelessness in LA County

LA homelessThe number of homeless people in Los Angeles County jumped 12 percent in the past two...

Sharp announces $1.86 billion loss, plans thousands of job cuts

Sharp electronicsJapanese electronics giant Sharp on Thursday said it was cutting thousands of jobs in a fresh...

I am a cook in the US Senate but I still need food stamps to feed my children

Bertrand OlotaraBertrand Olotara has two college degrees, works two jobs and is on public assistance.The 44-year-old divorced...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!