[LEMONS] 7.24.2002
The Need to Regulate
There is a crisis of confidence today about corporate earnings reports and the credibility of chief executives. And it's justified. -- That's not Russ Feingold or even Tom Daschle talking. That's Warren Buffett.And here's a further question. One that needs to be discussed, I think. If we can not trust large corporations to honestly perform the most fundamental proceedure of business operations, acounting, how can we trust them on other issues that involve greater shades of gray? How can we trust them not to destroy the environment, to consign workers to sweatshops, or to trample human rights in smallish third world contries? We cannot.
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