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Article: What's happening in business schools?
- Article from:
- The Public Interest
- Article date:
- September 22, 1999
- Author:
CopyrightCOPYRIGHT 1999 The National Affairs, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Over the past two years, stories of questionable - at times criminal - business activity have dominated the business press: Cendant's creative earnings, Archer Daniels Midland's price-fixing, Bankers Trust's leveraged derivatives and use of customer funds, and Long-Term Capital's high-risk bets with others' funds, to name a few. Rite-Aid and Wal-Mart have been profiled for their peculiar charge-back policies that leave their suppliers confused and temporarily or permanently underpaid. Sears Roebuck's disregard for bankruptcy laws, debtors' rights, and creditor priorities led to a $63 million fine - the largest in the history of U.S. bankruptcy law.
The sheer ...