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Greenspan: "Decide from Square One That You're Going to Do It Ethically" ...
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| Greenspan: "Decide from Square One That You're Going to Do It Ethically" ... |
| 11.29.04 (12:31 am) [edit] |
Greenspan Told Student During Q&A Session That the Best Chance of Making Big Success Is to Decide from Square One That You're Going to Do It Ethically
NEW YORK, Jan. 20 /PRNewswire/ -- Federal Reserve Chairman Alan Greenspan accepted the Enron Award for Distinguished Public Service last fall. During the question-and-answer session at the ceremony, Greenspan told a student who had asked how to succeed in this difficult job market, "The best chance you have of making a big success in this world is to decide from square one that you're going to do it ethically,"Newsweek reports in the current issue. The ceremony was held on Nov. 13, a few days after the energy company admitted that it had filed five years' worth of misleading financial reports. And it was three weeks after Greenspan had turned down a plea from Enron chairman Ken Lay to intervene with credit-rating agencies to help the stricken company survive, report Investigative Correspondent Michael Isikoff and Wall Street Editor Allan Sloan in the January 28 issue of Newsweek. Greenspan, through his spokesman, told Newsweek that he hadn't had Lay in mind when he gave that answer. Greenspan's press aide says he was at the ceremony because he had committed a year earlier to former Secretary of State Jim Baker to accept the honor. The James A. Baker Institute of Public Affairs awards the prize, which is funded by Enron.
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