Ashford University
We Need Regulation: Adolf Berle and Gardiner Means offered three reasons that financial managers cannot be trusted to act ethically in how they present themselves and their financial books. First, exploitation of workers is evident in any corporation with its purposes to keep costs low and to raise profits. Second, they reap much profit from the company for self-interest in large bonuses and dividends. Third, a self-serving behavior and improper procedures of the corporation’s accountants and auditors are being practiced.
The Marketplace Can Decide: Henry Manne, a free market supporter, argued that companies could not hide falsehoods in a ...
