Unethical behavior is a necessary evil?
That’s what a large percentage of financial industry professionals said in a survey by New York law firm Labaton and Sucharow.
Of those surveyed 24% said they believed they may need to engage in unethical or illegal behavior to be successful. Click here to read more on the survey.
“When misconduct is common and accepted by financial services professionals, the integrity of our entire financial system is at risk,” said Jordan Thomas, partner at the firm.
I guess that’s why we are where we are today.
Earlier this year, I wrote a column headlined, “Psychos on Wall Street,” trying to get at the percentage of people who work in the financial industry who simply do not have a conscience. Click here to read that column. Wall Street is one place where agressive, anti-social and even dishonest behavior is rewarded. It’s also where the money is.