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In one of this weeks assigned articles ( The Berle-Dodd Exchange ), Berle stated that it must be conceded, at present, that relatively unbridled scope
In one of this weeks assigned articles (The Berle-Dodd Exchange), Berle stated that it must be conceded, at present, that relatively unbridled scope of corporate management has, to date, brought forward in the main seizure of power without recognition of responsibility - ambition without courage. This statement was made in the early 1930s. How do you think this quote might apply to the financial crisis of 20072008? Please provide an example of corporate management that abused its power without recognition of responsibility to stakeholders.
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