CHAPTER 5

Trust and Leadership

Michael Pirson

Public outrage over fraudulent banks and crooked corporate officers, the looting of pension funds, the defrauding of stockholders, and the wholesale firings of hardworking employees have reached a new high.1, 2 Not only the antiglobalization movement of the far left but also opponents of crony capitalism on the right are questioning the legitimacy of capitalism, as can be seen in rise of nationalistic movements. The public has become increasingly uncomfortable with corporate power, corporate influence, and the ensuing abuse. Most people surveyed over time agree that corporations should have more than one purpose and additionally, that they owe something to their workers and the communities in which ...

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