Quarter Of Wall Street Executives See Wrongdoing As Key To Success: Survey

[lpast]

Nice attitude huh...Oh its cool to do wrong as long as your successful....Im starting to really dislike the word successful as its being used today by the far right. By their standards...Al Capone and Gambino and all the Soprano.. were extremely successful and to be admired...they were rich right ?


A quarter of Wall Street executives see wrongdoing as a key to success, according to a survey by whistleblower law firm Labaton Sucharow released on Tuesday.

In a survey of 500 senior executives in the United States and the UK, 26 percent of respondents said they had observed or had firsthand knowledge of wrongdoing in the workplace, while 24 percent said they believed financial services professionals may need to engage in unethical or illegal conduct to be successful.

Sixteen percent of respondents said they would commit insider trading if they could get away with it, according to Labaton Sucharow. And 30 percent said their compensation plans created pressure to compromise ethical standards or violate the law.

"When misconduct is common and accepted by financial services professionals, the integrity of our entire financial system is at risk," Jordan Thomas, partner and chair of Labaton Sucharow's whistleblower representation practice, said in a statement.

The survey's release comes as the fallout from Barclays PLC's Libor-rigging scandal continues and other banks including Citigroup Inc, HSBC Holdings PLC, Royal Bank of Scotland Group PLC and UBS AG await the outcome of an industry-wide probe.
Below are stories where banks were involved in money laundering:


Quarter Of Wall Street Executives See Wrongdoing As Key To Success: Survey


Quarter Of Wall Street Executives See Wrongdoing As Key To Success: Survey

 

[Slartibartfast]

But but but companies will self regulate!!!!

 

[majora$$hole]

But but but companies will self regulate!!!!

yep just like the banks did!!!!