Wave Systems Corp. (fka WAVXQ)

[waveduke]

Kisamura,

some broad generalizations? You have a bad experience with the military?


Captains of Industry

http://www.slate.com/articles/business/the_dismal_science/2012/05/ceos_who_served_in_the_military_are_they_more_honest_.html

Are CEOs who served in the military more trustworthy?

By Ray Fisman

Ex-military businessman.
CEOs who served in the military are less likely to commit fraud

Alexey Fursov/iStockphoto.


From junk bonds to Enron to reckless subprime lending, every few years brings a new scandal and renewed hand-wringing over the decay in business ethics. This is naturally followed by proposed solutions—tighter regulation, harsher punishments for wrongdoing, perhaps even a Hippocratic Oath for MBA students.


Maybe business schools should think about sending their students to boot camp instead. A study of CEOs who have served in the military finds that companies run by former soldiers are less likely to commit fraud than CEOs who never served. But honesty may come at a cost to shareholders—the same study finds that military CEOs also produce lower returns at the companies they manage.