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Chapter One
MAKING SENSE OF
MORAL MELTDOWNS
David Luban
The wave of corporate scandals that began in 2001 produced a
remarkable parade of business executives partaking in what has
become an American ritual: the Perp Walk. In the ensuing four
years, we have witnessed trials and mistrials and retrials of John and
Timothy Rigas (Adelphia), Dennis Kozlowski and Mark Swartz
(Tyco), Bernard Ebbers (WorldCom), Richard Scrushy (Health
South), and Andrew and Lea Fastow (Enron), and we are approaching
trials of Enron's Kenneth Lay and Jeffrey Skilling. Scrushy was
acquitted, and Kozlowski dodged the conviction bullet once, only to
be retried and convicted.
The successful defense of Richard Scrushy was that he did not
know what his underlings were doing. Kozlowski worked the same
defense in his first ... read full excerpt from Moral Leadership: The Theory and Practice of Power, Judgement and Policy ebook
