Commentary: Corporate Scandal Trials Have Historic Similarities

Summary

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Do the names Max Blanck and Isaac Harris mean anything to you? For some people they will, for most they will not.

Blanck and Harris were at the center of a corporate scandal and trial that captured national attention in 1911. Although the outcome was different from last week's conspiracy convictions of former Enron chiefs Kenneth Lay and Jeffrey Skilling, both cases hold significant similarities in terms of corporate greed, the impact select practices have on employees and the fact that both cases signaled changes in how businesses leaders should conduct their business.

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Extract

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Commentary: Corporate Scandal Trials Have Historic Similarities

During the early 20th century the industrial revolution was in full swing. Millions of Americans went to work in factories. The new era marked a transition for the United States from having primarily an agricultural-based economy, to one dependent mostly on the production of consumer goods.

It did not take long for corporate fac...

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