Wade on Public Distrust of Big Business

Dean Harold F. McNiece Professor of Law Cheryl L. Wade posted ‘Today’s Headlines: The Public Does Not Trust Big Business” on the Corporate Justice Blog on March 14th, 2014.  Professor Wade has been a regular contributor to the blog since 2010. In this most recent piece, she writes

More than ten years after the massive fraud that brought down companies like Enron, WorldCom, Adelphia, and Tyco, badly governed and socially irresponsible companies continue to harm workers, consumers and communities.  This is true even after the passage of the Sarbanes-Oxley Act of 2002, and the 2010 Dodd-Frank Act.  In Enron’s aftermath, there was a great deal of discussion about whether the company was an outlier.  Observers tossed around the famously overused bad-apples metaphor.  Enron, WorldCom, Adelphia, Tyco, etc., were just a few bad apples, the argument went.  Yet, in 2014, we continue to grapple with what seems to be inadequate governance and deplorable social irresponsibility that too frequently occurs.

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