Reuters cites a newly released survey of 500 senior executives in the United States and the United Kingdom in reporting that “a quarter of Wall Street executives see wrongdoing as a key to success.” The study, which was conducted by whistleblower law firm Labaton Sucharow, determined that 24 percent of respondents said they believed financial services professionals may need to engage in illegal or unethical activity in order to get ahead. Meanwhile, 26 percent had either observed or had first-hand knowledge of wrongdoing in the workplace. “Sixteen percent of respondents said they would commit insider trading if they could get away with it,” the study further notes, “and 30 percent said their compensation plans created pressure to compromise ethical standards or violate the law.”
Many executives say wrongdoing is necessary
A quarter of Wall Street executives believe that engaging in illegal or unethical activity is necessary to get ahead, according to a new Labaton Sucharow study.
July 11, 2012