CEOs' Diminished Power Could Prove Costly

The last 18 months have been the economic equivalent of the Vietnam War, with waves of bad news and daily casualty reports eroding confidence and hope. Beyond the enormous financial cost of the crisis, the most enduring loss may ultimately be the end of the notion of American economic invincibility. In the same way as the Vietnam conflict diminished our faith in our political leaders, this crisis has shaken our collective trust in some of our most prominent business leaders.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.