Commentary
Still Graceful Under Pressure, the Hudson River Pilot RetiresGiven the way Capt. Chesley B. “Sully” Sullenberger III retired from US Airways, you couldn’t be blamed for thinking that pilots land airliners in the Hudson River every day. It’s been a little over a year since a flock of geese knocked out both engines of his Airbus A320, giving him only minutes to choose a plan, put it into action, and glide the plane safely into a splashdown with no loss of life. Earlier this month, after 30 years with his company, Capt. Sullenberger retired with a distinct lack of fanfare. Which has been his point all along: The kind of thing he did should be just a part of a day’s work for a true professional. A good point, but there’s more to his story than simply experience. Some people have had 30 years of experience; others have had one year of experience 30 times. What makes the difference?…
...[read more]Statline
Most Doubt the Integrity of Wall Street
For more information, see this week’s Research Report.
What They're Saying
Aggressive and Abusive“This is pretty aggressive and pretty abusive. I don’t know how under [Generally Accepted Accounting Principles] this follows the rules whatsoever…. That reeks of an auditor who, rather than being really truly independent, is beholden to management.”
– Lynn Turner, a former chief accountant for the U.S. Securities and Exchange Commission, talking [...]
News
Scathing Report on Lehman Brothers Says Ethical Lapses Contributed to CollapseAn investigation into the financial machinations used by Lehman Brothers in the run-up to its spectacular bankruptcy has stunned even the most jaded observers of Wall Street scandals, according to press reports….
...[read more]Quote from the Ethics File
Seriously“The man who has begun to live more seriously within begins to live more simply without.”
– Phillips Brooks (U.S. clergyman and author, 1835-1893)
Letters From Readers
Editor’s Note: Open for CommentsWe’re happy to let you know that in response to requests from many readers, we’ve activated Ethics Newsline’s comment-box function. You now may enter your views about commentaries and news items without leaving our site.
A few guidelines and suggestions:
At this point, comments can be made only from single-article pages, not from the full version of [...]
...[read more]
