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Wall Street / Boesky Scandal #307438

CBS Evening News for Wednesday, Nov 19, 1986
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(Studio: Bob Schieffer) Ivan Boesky's probable financial survival of Securities and Exchange Commission fines, penalties due to value of his Beverly Hills Hotel reported

(DC: Eric Engberg) Question of business ethics underscored by Boesky scandal examined; scenes shown. Other such incidents reviewed; findings of sociologist examining "Fortune" 500 companies for criminal convictions and/or violations of regulations in past decade outlined on screen. [Equitable Life Assurance chairperson Robert FROEHLKE - cites need for corporation world to reexamine its ethics.] [Ethics Resource Center spokesperson Gary EDWARDS - cites companies' reform efforts.] General Dynamics' move after discovery of its defense contract violations cited as example [General Dynamics tape, SPOKESPERSON - thinks ethics have been forgotten recently.] [Harvard business school spokesperson Ken. GOODPASTER - cites relationship between company's ethics and its top management]

Reporter(s):
Engberg, Eric;
Schieffer, Bob
Duration:
00:02:30

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