Word: white-collar
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...deal marks the end of a sorry chapter in American business history. While high-profile white-collar crime persists, the dramatic criminal cases that were launched just after the dotcom economy fizzled are now mostly completed. The icons of massive, turn-of-the-century corporate fraud--Ken Lay and Jeff Skilling of Enron, Bernie Ebbers of WorldCom, Dennis Kozlowski and Mark Swartz of Tyco--are convicted and, in Lay's case, dead. Even Martha Stewart has served time. And many, if not most, of the cases the feds brought against smaller fish--to help assuage a share-owning public that...
...Through the wall-sized windows behind his slick, black desk, Ma overlooks steel-and-glass office towers that house similar companies, including an online-music outfit and a "virtual university" where colleges from around the country have conference centers and research labs. This small enclave of white-collar knowledge workers is a model the rest of Shenzhen must rapidly emulate if it is to continue to prosper, says Ma: "In Shenzhen, we really have to move faster than before, and take the right direction." His vision?and his sense of urgency?is shared by city officials, who have launched...
...other things that have changed since the '60s is the corporate culture, which once valued literacy, numeracy, high GPAs and the ability to construct a simple sentence. No doubt there are still workplaces where such achievements are valued, but when I set out as an undercover journalist seeking a white-collar corporate job for my book Bait and Switch, I was shocked to find the emphasis entirely on such elusive qualities as "personality," "attitude" and "likability." Play down the smarts, the career coaches and self-help books advised, cull the experience and exude a "positive attitude...
...decided against it). But is what's good for Eton good for Britain? For all its recent economic and cultural success, Britain has not left all the old wounds of class division behind it. Contrary to popular belief, social mobility in the country has stalled. The absolute number of white-collar jobs is rising, but research shows that the chance of getting from the bottom 10% of society to the top 10% is dropping. A middle-class child is 15 times more likely to become a middle-class adult than a working-class child is to make it into...
...come to an end, with both men set for sentencing on Sept. 11, you may be as off base as the company's financial statements. Attorneys for Lay and Skilling vow to appeal, and there is precedent - all the way to the Supreme Court - to attack a white-collar fraud conviction based on the fine points of the kind of jury instructions given by Judge Simeon Lake. "A 'willful blindness' instruction is a very good ground [for appeal]," says Houston defense attorney Joel Androphy. Willful blindness, which Judge Lake specifically cited in the jury instructions as a valid factor...