"The question in the minds of most people is 'What's going on in the marketplace? Is the whole system broke, is it corrupt, or is it both?' ... One thing I think is true is that we didn't go to bed three years ago with a marketplace in corporate America that was transparent, well-run and ethical and perfectly fine and then wake up the next morning with a system that was broken and corrupt and flawed and populated by greedy people. These problems really evolved over a period of time."
--William McLucas, former director of enforcement for the U.S. Securities and Exchange Commission and Penn State alumnus, speaking Thursday (Oct. 7) on "Corporate America as Defendant: What Happened?" at the Penn State Forum, a speakers series sponsored by the Faculty/Staff Club at the University Park campus.
For information on upcoming Forum speakers, visit http://www.psu.edu/dept/fsc/pennstateforum.html
For photos from the event, visit http://live.psu.edu/still_life/2004_10_07_forum/index.html