CEOs Who Began Their Careers During Booms Tend to Be Less Ethical
MAY 12, 2017
When Alan Greenspan addressed the Harvard University class of 1999 , he shared a message of wealth and prosperity that was reflected in many aspects of American life. ” Imagine you were sitting in the audience that day, about to begin constructing your career. CEOs who began their careers in prosperous times tend to use riskier financial strategies than CEOs who first entered the workforce in recessions. Our work suggests that they may be more ethical, too.