Corporate Culture – It Comes From the Top

I wouldn’t expect many changes in corporate culture as long the White House insists that President Bush did nothing wrong when he sold his Harken stock just before the company announced a surprise earnings drop. (He sold shortly after he received a “weekly flash report” of the revenue drop). It’s called leading by example.

He says he was “cleared” by the SEC but refuses to let us see the SEC file. The file will tell us if the SEC was told he had received that “flash report” about the coming earnings drop.

And on that other matter – the Aloha Petroleum accounting scam where they sold the company to themselves for an inflated price and recorded the sale as a profit, to move the stock price up – Bush told reporters to look in the Minutes of the Board Meetings to learn whether he was involved. And of course, now he refuses to make those minutes available.