The Dawning of the Age of Transparency
David Ticoll,
Ubiquity,
Dec 02, 2003
There was a day when 'normal business practice' meant total secrecy. Too many investors have been birned over the last few years for this culture to persist. "Had shareholders known about all the things that were happening at Enron, they would have sold their shares. Enron was a house of cards. Even before the stock prices went up the shareholders would have known that a lot of the value was based on a false foundation." This doesn't mean that privacy becomes the loser: a great deal of information (such as, say, customer credit card information) should remain secret. But a new boundary will have to be drawn.
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