Text 4
It has been a wretched few weeks for America’s celebrity bosses. AIG’s Maurice Greenberg has been dramatically ousted from the firm through which he dominated global insurance for decades. At Morgan Stanley a mutiny is forcing Philip Purcell, a boss used to getting his own way, into an increasingly desperate campaign to save his skin. At Boeing, Harry Stonecipher was called out of retirement to lead the scandal-hit firm and raise ethical standards, only to commit a lapse of his own, being sacked for sending e-mails to a lover who was also an employee. Carly Fiorina was the most powerful woman in corporate America until a few weeks ago, when Hewlett-Packard (HP) sacked her for poor performance. The fate of Bernie Ebbers is much grimmer. The once high-profile boss of WorldCom could well spend the rest of his life behind bars following his conviction last month on fraud charges.
In different ways, each of these examples appears to point to t
A. "Law enforcement" approach.
B. Decisions open to question.
C. The honour code among CEOs.
D. Board oversight and self-regulation.
Text 1
It has been a wretched few weeks for America’ s celebrity bosses. AIG’ s Maurice "Hank" Greenberg has been dramatically ousted from the firm through which he dominated global insurance for decades. At Morgan Stanley a mutiny is forcing Philip Purcell, a boss used to getting his own way, into an increasingly desperate campaign to save his skin. At Boeing, Harry Stonecipher was called out of retirement to lead the scandal-hit firm and raise ethical standards, only to commit a lapse of his own, being sacked (it seems) for sending e-mails to a lover who was also an employee. Curly Fiorina was the most powerful woman in corporate America until a few weeks ago, when Hewlett-Packard (HP) sacked her for poor performance. The fate of Bernie Ebbers is much grimmer. The once high-profile boss of World-Com could well spend the rest of his life behind bars following his conviction last month on fraud charges.
In different ways, each of these
A. has been exaggerated.
B. has not been removed.
C. has been rectified.
D. has not been deceived.
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