#228 transparency

There was so much talk about transparency in corporate managment and in politics…today, news revealed there was NO transparency at all. If there were, it was selective transparency. As a matter of fact, there were lots of cover-up!

The latest: bonuses given to top executives at Merrill Lynch on the quiet! The bargain to pay out bonuses were kept for these top earners yet staff were axed and investors lost their hard-earned money!  Where is integrity? Where is honesty? Are the consciences of these top executives seared?!?

This recession is a revelation of sheer lack of transparency in every aspect of life! It is not just greed but lacking in integrity and honesty!

How could banks and corporations chalked up so much deficit that cause a downward spiral on the world economy? These were kept out of the public in annual reports.

Were there concerted efforts among the professionals involved — accountants, lawyers and others — to deceive the public, without mentioning those in governance! All those mutual back-scratching and deception…haha…the truth is out there!

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