It would be good to imagine we will remember the confession from the former chairman of the US Federal Reserve, made to a congressional committee last month and in this newspaper in March, as a central event of this financial crisis.
But our memories are short. We should not need any more reminders that company leaders do not always look after their shareholders.
It is just over four years since Jeffrey Skilling of Enron and Bernie Ebbers of WorldCom appeared in handcuffs after their arrests for their roles in the destruction of shareholders' (and employees' and pensioners') interests.
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