Business Ethics: Return of the Naive

From the ripening sunshine of Brazilian spring, Edward Mortimer Gilbert, 38, flew home last week to weather the wintry discontent of U.S. justice. He seemed to be charged with everything except starting the Korean war: 15 federal fraud charges of, among other things, making a false SEC report and misappropriating $1,953,000 of the funds of the E. L. Bruce Co., Inc., the lumber milling giant that he had bossed before fleeing last June; twelve New York State charges of grand larceny; a U.S. tax lien amounting to $3,500,000. The erstwhile timber wolf...

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