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Topic: Business
Number of pages / Number of words: 4 / 909
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The result is the growing tendency towards an environment where large financial institutions are observed to pursue aggressive earning strategies, more often than not through foul means; through the creation of special purpose enterprises normally hidden from the balance sheets primarily to hide huge mounting debts; and abusing the powers of the chief executives resulting in the unchecked growth of personal assets often overlapping the assets of the corporations and their investors for which they are responsible and accountable to (Bogle, 2002)...


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According to a study by the famous Forbes magazine issue of 13 October of 1997, there were only 13 American billionaires in 1982, which by 1997 had grown to more than 170 billionaires (Conlin, 1997).

Yet, the greatest disparity found in the teachings of our greatest Englishmen Economist Adam Smith and what we observe today in the economic front is the growing differences between business and local communities, a trend that is becoming weaker by the passage of time...


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