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STREET SMARTS.(George W. Bush and corporate disclosure)(Brief Article)

The New Yorker

| July 22, 2002 | Hertzberg, - Hendrik | COPYRIGHT 2002 All rights reserved. Reproduced by permission of The Condé Nast Publications Inc. 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

COMMENT

BROOKLYN BOYCOTT!

BUSINESS AS USUAL DEPT.

THE PICTURES

DIMINISHING RETURNS DEPT.

ON THE AIR

The old Merchants' Exchange, where George W. Bush delivered his big speech on corporate malfeasance last Tuesday morning, "was considered one of the 'most costly and pretentious' buildings within the United States when it opened in 1842." That's according to a brochure put out by the Regent Wall Street Hotel, which now uses the trading hall of the old Exchange as its grand ballroom. Awaiting President Bush's arrival there, many in the crowd of politicians, lawyers, business executives, and reporters could be seen gawking at the colonnaded marble magnificence around them. But the most striking object in the room was a blue screen that had been set up as background for the cameras. On it was emblazoned the phrase "Corporate Responsibility"--not once but something like fifty times. It was as if a stern schoolteacher had ordered some naughty boy to write it on the chalkboard, over and over again.

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