{"title":"In Search of Ethical Business Leadership: Time to Mix Our Metaphors?","authors":"K. Peattie","doi":"10.4324/9780429292606-20","DOIUrl":null,"url":null,"abstract":"The unfolding Parmalat scandal in Italy is just the latest in a series of incidents that have shone a spotlight on the behaviour and ethics of top business leaders. Founder Calisto Tanzi is currently in jail, accused of having falsified the company's accounts for many years. This follows on the heels of Enron, WorldCom, Global Crossing, Equitable Life and several other sorry tales. In Germany, several business leaders have appeared in court in connection with bonus payouts during the $180bn Mannesmann takeover by Vodafone, including Deutsche Bank's Chairman, Josef Ackermann and former Mannesmann Chief Executive Klaus Esser. In America, the media is warming up for a whole series of celebrity business leader trials. Martha Stewart, America's lifestyle queen, is already in court facing charges of insider dealing. In February, Scott Sullivan, WorldCom's former Chief Financial Officer, is in court charged with accounting fraud. Also in February, John Rigas, the founder of Adelphia Communications, will be one of several appearing charged with illegally removing one billion dollars from the company. In March, Frank Quattrone, formerly of Credit Suisse First Boston, returns to court to face charges of obstructing justice.","PeriodicalId":285561,"journal":{"name":"Ethics, Law and Society","volume":"16 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"4","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Ethics, Law and Society","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.4324/9780429292606-20","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 4
Abstract
The unfolding Parmalat scandal in Italy is just the latest in a series of incidents that have shone a spotlight on the behaviour and ethics of top business leaders. Founder Calisto Tanzi is currently in jail, accused of having falsified the company's accounts for many years. This follows on the heels of Enron, WorldCom, Global Crossing, Equitable Life and several other sorry tales. In Germany, several business leaders have appeared in court in connection with bonus payouts during the $180bn Mannesmann takeover by Vodafone, including Deutsche Bank's Chairman, Josef Ackermann and former Mannesmann Chief Executive Klaus Esser. In America, the media is warming up for a whole series of celebrity business leader trials. Martha Stewart, America's lifestyle queen, is already in court facing charges of insider dealing. In February, Scott Sullivan, WorldCom's former Chief Financial Officer, is in court charged with accounting fraud. Also in February, John Rigas, the founder of Adelphia Communications, will be one of several appearing charged with illegally removing one billion dollars from the company. In March, Frank Quattrone, formerly of Credit Suisse First Boston, returns to court to face charges of obstructing justice.