From invisible hand to shareholder theory....we come to the view that greed is not consistent with the need for ethics in the financial markets. The most basic of moral rules and expectations are concerned with fairness, which is often expressed as a level playing field. Clearly, being greedy and being fair are two conflicting views ... It is my view that because of the special role that financial services industry plays, being motivated by greed in this industry can be harmful to society, if not properly reigned in.
Posted on: Sun, 03 Aug 2014 01:56:54 +0000
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