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Big business ethics - ethics

 

There is much talk today about ethics in commerce - as there ought to be, but there ought to be more than talk; there ought to be a high moral code for all executives who are dependable to both their customers and their shareholders.

I have been the leader and CEO of one openly owned ballet company and also was leader of a different that was answerable to customers who traded equities. This carries a high dependability to all concerned. You have to be more than apprehensive if you do amazing wrong since you will go to jail. You must have the appeal to try to continually do your best for all and sundry who works for you as well as all the customers or investors that deal with your company.

Ethics is alleged to be any black or white, right or wrong, but today it is many shades of grey. If any business does shady commerce you can be sure it starts at the top and filters down as the leader is the one who sets the illustration for the measures of the complete company. This is as true for measures of our nominated officials as it is for corporations or individuals. We have had some appealing sorry examples of that in Washington.

Each time there is a new scandal the broadcast seems less disturbed. The current confession that mutual funds have been allowing hedge funds and other large traders to take positions after the concluding bell is a brutal example. Maybe investors are not aware that a celebrity is inscription checks on their account. This is stolen money that is no another than a guy with a gun land up a 7-11 store. Yes, the one alteration is that the mutual funds have acceptable millions of dollars to be siphoned off from those to whom they owed a fiduciary relationship. The fund administrator is a crook and deserves jail time. He just took the money with a click of the mainframe piano and that was his weapon. White collar crime deserves the same punishment as the guy with a gun.

When you give a brokerage company, a mutual fund or any economic creation your money you expect, in fact, you demand, that they treat you comparatively surrounded by the rules of the industry. When you are short-changed you ought to not admit it.

Because of the huge amounts of money obtainable and clear to citizens in the fiscal activity it is easy to appreciate how they can be tempted into criminal actions. That is why all openly traded companies are compulsory to have their books audited annually. Lately we have seen that even these audits are tainted.

Investors rely upon the information set beforehand them in order to make decisions about owning stock in a company. If the in sequence is dishonest a apt assessment cannot be made.

Today we are as a different type of corporate detective being created. He is called the Ascendancy Officer. It is his job to see that the business maintains high ethical standards. I approve this achievement and hope he cannot be seduced by big bucks.

Al Thomas' book, "If It Doesn't Go Up, Don't Buy It!" has helped thousands of colonize make money and keep their profits with his austere 2-step method. Read the first division at http://www. mutualfundmagic. com and come across why he's the man that Wall Street does not want you to know.

Copyright 2005

al@mutualfundstrategy. com; 1-888-345-7870


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