Free Subscription to CFO Magazine

Weekend Reading

You are here: Home : Topics A-Z : Weekend Reading

The Value of Trust

Investors seem to have lost faith in Wall Street. What can be done about it?

June 7, 2002

American stockmarkets fell at the start of this week, even as the economic outlook grew brighter. The Dow Jones Industrial Average and the technology-heavy Nasdaq touched their lowest levels for months. Investors have had their confidence bashed by a series of revelations of corporate malpractice and number fiddling before the stockmarket bubble burst. The continuing sagas of Enron and its auditor, Andersen, have kept their spirits low. Almost any half-suggestion of impropriety can make them twitch. This week they twitched at the resignation of Dennis Kozlowski, chief executive of Tyco International, a once high-flying agglomeration of ill-fitting businesses, days before he was charged with evading more than $1m in taxes on paintings that he bought last year in New York. Read more...

Follow this topic

More Weekend Reading Articles

  • Introduction: Capitalism and Its Troubles

    The capitalist system has proved surprisingly robust in the face of recent crises, but if it is to keep delivering the goods it needs an overhaul. From ''Capitalism and Its Troubles: A Survey of International Finance.'' May 24, 2002

  • Crisis? What Crisis?

    The financial system has coped remarkably well with a horrendous couple of years. From ''Capitalism and Its Troubles: A Survey of International Finance.'' May 24, 2002

  • New Dangers

    Relying less on banks and more on the markets creates fresh problems. From ''Capitalism and Its Troubles: A Survey of International Finance.'' May 24, 2002

  • Unexploded Bombs

    From ''Capitalism and Its Troubles: A Survey of International Finance.'' May 24, 2002

  • The Regulator Who Isn't There

    Does a global financial system need a global regulator? From ''Capitalism and Its Troubles: A Survey of International Finance.'' May 24, 2002

  • Bubble Trouble

    And what policymakers should do about it. From ''Capitalism and Its Troubles: A Survey of International Finance.'' May 24, 2002

  • Think of a Number

    Accountancy used to be boring. If only it still were. From ''Capitalism and Its Troubles: A Survey of International Finance.'' May 24, 2002

  • Better Than the Alternatives

    But capitalism needs nurturing, in poor and rich countries alike. From ''Capitalism and Its Troubles: A Survey of International Finance.'' May 24, 2002

  • Capitalism and Its Troubles: A Survey of International Finance

    The capitalist system has proved surprisingly robust in the face of recent crises, but if it is to keep delivering the goods it needs an overhaul. May 24, 2002

Related White Papers

» More Related White Papers

advertisement

Business Solutions Center

» More Business Solutions Center Links

advertisement