(4 of 4)
The mentality of profits-at-any-price will not change overnight, but new deterrents are on the way. Last week House Democrats John Dingell of Michigan and Edward Markey of Massachusetts introduced a bill that would raise the maximum penalty for insider trading for individuals to $1 million from the current $100,000, and would provide a bounty for informants. This fall 60 universities will teach ethics courses developed in a $5 million program sponsored by the Arthur Andersen accounting firm. Says James Bere, chairman of Borg-Warner: "I'm impressed by the number of people of my generation who are calling for values again. Still, there's a definite problem. Many of the young people who come in to work for us don't know right from wrong." Perhaps the best way to learn is by observing all the pinstripe perpetrators marching across the front pages.