Governance
Recently a front page lead story in the Herald Palladium was about a $15,000 a year comptroller for a small grocery store chain who had embezzled $6.4 million dollars in the past seven years. It seems that arrests for embezzlement appear every other month. How the accused in this case, or the already convicted in others involving churches, local governments, small businesses and even very large corporations don't know from the beginning that their misdeeds will come to light confounds me. Though I do believe a much too high percentage of Americans, given the choice between stealing $50+ billion dollars over 20+ years like Madoff and then spending retirement at taxpayer expense would take that choice. My second thought on the matter was how poor the governance (oversight) is in many organizations on Main Street, let alone Wall Street. Here are three simple rules to follow no matter the size of ...