Fannie, Freddie and Denting

摘要

Given the seemingly endless stream of news about accounting scandals, policy abuse and illegal activities at the top levels of organizations, the term "corporate ethics" has become almost an oxymoron. Lately, these sordid tales aren't just about publicly traded companies; the abuse has spread to quasi-governmental agencies such as mortgage giants Fannie Mae and Freddie Mac and private organizations such as Yale University's School of Management. According to a Jan. 10 Wall Street Journal article, the head of the school's International Institute for Corporate Governance—yes, the irony is sad—is leaving over major expense account abuse.