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Crime and Greed.

Newsweek International

| August 19, 2002 | COPYRIGHT 2002 Newsweek, Inc. All rights reserved. Any reuse, distribution or alteration without express written permission of Newsweek is prohibited. For permission: www.newsweek.com. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Our July 8 story on corporate fiascoes elicited pure vitriol against big business. One reader condemned "corporate crime and greed," another called them "evil." A third declared them worse than Whitewater.

The Scandal of Big Business

I was very disappointed to read about President Bush's stock transactions while he was on the board of Harken Energy ("Is Big Business Bad Business?" Business, July 8). At the very least, it appears highly suspicious. Doesn't the Harvard Business School, from which George W. Bush received his M.B.A., teach required courses on security regulations and ethics? How can Bush now claim the moral authority in this fight against corporate crime and greed?

L. L. West

Athens, Texas

Please, no more of this good versus evil! Al Qaeda's strike at the heart of the West was indeed evil, but stealing from shareholders (often, trustees of hard-earned savings) and from employees and exploiting the world's poor is also evil. And then, what about the president's personal role? Let's end this hypocrisy and stop our global capitalism before it spawns another evil empire.

John Pedler

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