TV News LIES

Tuesday, Mar 19th

Last update06:28:22 AM GMT

You are here News Economy 24% of senior financial execs consider unethical or illegal conduct needed for success

24% of senior financial execs consider unethical or illegal conduct needed for success

E-mail Print PDF

Sr. execs OK greedJust in case recent headlines didn’t offer a clue, a new study revealed what most people already think: Unethical behavior and illegal business practices seems to be part of a Wall Street job description.

A survey of senior executives at financial firms in the U.S. and the U.K., released Monday, found that nearly a quarter of respondents, or 24%, said they consider engaging in unethical or illegal conduct as a necessary ingredient for success in the financial world.

Another 26% said they had either seen or had direct knowledge of wrongdoing.

Worse, 16% of execs admitted they would willingly step over the legal line and commit insider trading — if they knew they could get away with it.

Results of the study, commissioned by law firm Labaton Sucharow, were compiled by anonymously interviewing 500 financial professionals online.

“It’s hard to understand how someone could have this sort of world view, but what’s clear is that it is widespread,” Jordan Thomas, chairman of the whistleblower representation practice at Labaton Sucharow, told the Daily News.

More...


Most Recent Related Stories...


Wall Street braces for commercial real estate time bomb

Jerome Powell Remarks last week by Federal Reserve Chair Jerome Powell about a spate of coming bank failures...

US stock markets close at record highs as enthusiasm for AI drives gains

Stock Market closes at all time high US stock markets closed at record highs on Friday powered by investors’ continued enthusiasm for artificial...

US adds 275,000 jobs in February as labor market continues to grow

US adds 275,00 more jobs in February Employers added 275,000 jobs across the US last month, as the labor market continues to grow...

Macy's to close 150 stores in new turnaround effort, forecasts weak 2024 sales

Macy's to close 150Macy's on Tuesday forecast annual sales and profit below expectations and said it would shutter about...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!