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December 12th, 2008
09:05 PM ET

Corporate leadership and the crisis

Carly Fiorina
The Wall Street Journal

The audacity of hope is about to be tested as President-elect Barack Obama's transition team moves forward in the context of bailout strains, job losses, and a pessimistic economic outlook. As we watch the CEOs of the Big Three auto companies plead at congressional hearings for taxpayer money to avert "catastrophe," the great debate about the proper role of government continues with new urgency. It is of equal importance to consider the role business should play in ensuring economic security for a hopeful citizenry.

Business leaders must use these difficult times as an opportunity to restore our credibility with the American people. We must be prepared to step up to new levels of transparency and accountability and to recalibrate our own role in an increasingly competitive world.

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Filed under: Bailout Turmoil • Carly Fiorina • Economy
soundoff (One Response)
  1. Annie Kate

    In the dot.com bust, the collapse of Enron and now the crisis started by the housing bubble popping, the common thread appears to be pure human greed. The house I live in and pay the mortgage on cost me half 10 years ago what the county tax accessors say it is worth today. I'd like to know what he/she is smoking to think that. The assessment is ridiculously hopeful and while I know that one reason for it to be that high is to bring in more tax dollars I hate paying taxes on a house that is worth maybe 2/3rds of what it is accessed for. Everyone got greedy this time around – paying the piper for our greed is not going to be any fun at all.

    December 12, 2008 at 9:29 pm |