Magazine content is available exclusively for TIME subscribers.CONFLICT OF INTEREST-: Ethics on the Ragged Edge
CONFLICT OF INTEREST
THE most talked-about ethical problem in U.S. business is conflict of interest, in which an executive divides his loyalty between his own firm and another. The conflict may take the form of slipping some of his firm's business to a relative or profiting from owning (or owning stock in) a supplier. Last week Chrysler Corp.. which touched off the current conflict-of-interest furor by sacking President William C. Newberg for owning interests in suppliers, announced that an investigation has found its present 36 top executives in the clear. Shaken by the Chrysler...
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