Is corporate America falling apart? Each day brings sordid details of dirty dealings at the highest levels of what were once our most respected companies. The sleaze at Enron and Arthur Andersen shocked us. Now it's Tyco's turn, and it won't be the last.
Corporate shenanigans have ended badly on many fronts: bankruptcies, lawsuits and vaporized 401(k) plans. They have also created a general disillusionment with the stock market, which continues to slide even in the face of mounting evidence that the U.S. economy is recovering. That just doesn't happen. Since 1927, when this sort of record was first kept, not...
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