Quote of the Week: James Surowiecki
“But, if recent history has taught us anything, it’s that self-regulation doesn’t work in finance, and that worries about reputation are a weak deterrent to corporate malfeasance.”
-James Surowiecki, Staff Writer, The New Yorker
-As quoted in The New Yorker, July 30, 2012. Bankers Gone Wild
“Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.”