Political Quotes

On the recordJune 11, 2002
I want to talk about what happens in America when corporations violate the public trust. Max De Pree, a former Fortune 500 CEO, my former boss at Herman Miller, wrote in his book, ``Leading Without Power,'' about the importance of people having trust and confidence in the American economic system in order for it to work. He states, ``When you stop to think about it, it is astounding that anything as complex as the trading of stocks, bonds, commodities, and futures ultimately depends on trust; a value, not a statute, not an SEC regulation, not even a government mandate. The system works on trust.'' We have been rocked during the last couple of months with revelations about corporate management and some of the activities that they have been engaged in. It all started with the actions of Enron Corporation and certain employees of Arthur Andersen, where the actions at Enron and Arthur Andersen I believe were clearly designed to do one thing: to deceive shareholders, customers, and employees of the true nature and health of the business.
Said by
Pete Hoekstra
Michigan

Editor's note · Context

Discussing corporate trust violations and their impact on the economy.

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