Tuesday, July 10, 2012

Many on Wall Street say greed isn't just good -- it's necessary - latimes.com

They say it only takes a few bad apples to spoil the bunch. So how rotten can things get when a quarter of those apples are no good?


A survey of 500 top Wall Street execs by the law firm Labaton Sucharow finds that 24% believe that professional money people need to engage in unethical or illegal behavior to be successful.


Moreover, 26% say they've seen or know of such behavior, while 16% would commit insider trading if they thought they could get away with it.


Read the full story here...

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