Word: professionalism
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Dates: during 1970-1979
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In the U.S. perhaps the most important form of leadership training has been the legal profession. However one may feel about lawyers, their predominance among U.S. political leaders suggests a deep American desire to mediate between opposing passions.
Higher office rents, the mounting costs of equipment and rising wages for office personnel are all contributing to the increasingly steep price that doctors everywhere must pay to practice their profession. In New York State last week, overhead costs grew still more. Premiums for malpractice insurance-which almost every physician...
No profession finds self-analysis easy. This is particularly true of journalism, whose practitioners regularly evaluate the performance of others. We have been scrutinizing our colleagues-and sometimes ourselves-in our Press section since our first issue in 1923. This week in our cover story, we undertake the admittedly difficult...
No profession has suffered a more painful drop in public esteem than accounting; in recent years accountants have been regularly criticized for failing to expose corporate shenanigans, and have been sued for allegedly certifying misleading company earnings reports. Four SEC complaints have been filed against Peat, Marwick, Mitchell & Co., onetime...
Over the next two years a "review team" of some 50 professionals chosen by the American Institute of Certified Public Accountants will visit 20 of Peat, Marwick's 107 U.S. offices and study how well employees do their job. Hanson has committed Peat, Marwick to pay the estimated $350,000 cost of the unprecedented study, and pledges that when the findings are ready they will be made available to the press. "There has been so much criticism about secrecy in the profession," he says, "that it is time we opened up to the people...