Bad Behavior at Business School Becomes Corporate Misconduct Later

One of the striking aspects of the recent financial crisis is not just that there were few criminal prosecutions (virtually none) of people who oversaw the writing of fraudulent loan documents, the botching of foreclosures, and the misleading of unsophisticated consumers with unclear loan terms. What should truly shock you is the near-complete absence of stigma adhering to corporate boards or executives following all this corporate misbehavior.

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