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Greenspan touts ethics to new MBAs

Greenspan touts ethics to new MBAs

by Toby Lucich on May 16, 2005

In a speech short on policy but long on appeals to their better natures, Federal Reserve Chairman Alan Greenspan told a group of graduates Sunday that government regulation of business is no substitute for self-imposed standards of ethical behavior.

In a prepared text released by the Fed on Sunday, Greenspan told the University of Pennsylvania’s Wharton School MBA Class of 2005 that “laws guide only a few of the day-to-day decisions required of business and financial managers. The rest are governed by whatever personal code of values market participants bring to the table.”

Greenspan touts ethics to new MBAs

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