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My guess is that while a poor balancesheet might cause restless sleep, it’s the thought of an incorrectly reported balancesheet that brings on night terrors. Remember the public shaming – and heavy sentences — heaped on Enron and Worldcom for their accounting (and more importantly, ethical) failures?
Today’s young professionals grew up in an age of mind-boggling technological change, seeing the growth of the internet, the invention of the smartphone, and the development of machine-learning systems. An ethical compass. John Fedele/Getty Images.
Products, the balancesheet and customers are the priority. Give it a “thumbs up” for focusing on ethics and character. As a result, business executives are rated in the bottom one third. Too many leaders don’t value employees based on how they treat them. Unfortunately, employees are often an afterthought.
Even with about $700 billion in capital available in the United States and hundreds of billions of dollars more around the globe, property and casualty insurers’ balancesheets are too small to cover all the potential losses from a global intelligent device disaster. AI International Protocols.
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