Piece Comment

Elliot Spitzer Talks About Government, Business, and Ethics


Everyone who has a job with a public company is affected in some way by new regulations that were influenced by the crisis in corporate governance. Elliot Spitzer, New York State Attorney General, was in the center of the storm that influenced congress to bring these regulations into existance.

In this frank talk, he discusses why the invisible hand of the marketplace needs the help of government to keep everyone honest; how the marketplace sank to the depths where it was OK to sell investors stock with dishonest research; and what his office did about it.

In a surprising twist, he argues that Reagan's anti-federalism lead to his enforcement actions and calls out on the carpet government regulators and the FDA.

This would be a good piece to include in an in-depth series on business, ethics, and society. People may be most open to hearing this around April 15th.

Provides good insight into why things are they way they are today in business and why the argument that the marketplace will correct all wrongs is simplistic. Little if any lawyer-speak, which makes it accessible even if you think "Chataqua" is one of the sixty-four colors in the crayon box.